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The European Commission wants China to set clearer guidelines for cross-border data transfers for European companies. The EU and China have started initial talks on the new Cross-border
The European Commission wants China to set clearer guidelines for cross-border data transfers for European companies.
The EU and China have started initial talks on the new Cross-border data flow communication mechanismThis is a new mechanism that aims to find a way to facilitate the transfer of non-personal data for European companies in China and compliance with Chinese data laws. According to the EU, China’s definition is too vague, leaving European companies confused about what is and is not allowed. This vague wording also contributes to the growing distrust of European investors in China.
Many European companies in China are often confused when it comes to transferring non-personal data from China and complying with Chinese data laws. For European companies, Chinese data export laws are often unclear, leaving them unsure of what they are allowed to do with the data collected in China. This particularly affects industries such as finance, pharmaceuticals, automotive and ICT.
The European Commission is therefore calling on China to clarify the conditions for obtaining security authorisations for the export of “important data”. The EU points out that China’s definition of this is too vague. This has led to the creation of a new mechanism aimed at simplifying the cross-border transfer of this information for EU companies.
A first step towards the launch of this mechanism has been taken. Sabine Weyand, Director General of DG Trade at the European Commission, met online with Vice Minister Wang Jingtao of the Cyberspace Administration of China to officially launch the new mechanism. During the official launch meeting, which is the first cooperation structure between the two sides, the EU explained the purpose of this mechanism and the importance of data flows for trade.
Restrictions on cross-border data transfers have long been an obstacle for European companies. According to the European Commission, this is contributing to the declining confidence of European investors in China.
Source: IT Daily
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