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HLIGHT China Center Releases “Made In
China 2025”
The U.S. Chamber's China Center released a new report and government-backed investment funds, to reach ambitious
entitled Made in China 2025: Global Ambitions Built on Local domestic and international targets.
Protections. This latest report examines China's comprehensive
plan to become an advanced manufacturing leader in industries By leveraging the power of the state to alter competitive
critical to economic growth and competitiveness. The report dynamics in global markets, MIC 2025 risks sparking economic
catalogues China's policy efforts to use a number of tools, inefficiencies and global overcapacity.
including subsidies, standards, procurement, financial policy,
Chamber Releases Reports on Best
Practices for Privacy Regulators and
the Economic Impact of Cross-Border
ICT Services
WASHINGTON, D.C. — The U.S. Chamber of examines the economies of Brazil, the European Union,
Commerce today released two reports on best practices Indonesia, Japan, Korea, Nigeria, Turkey, and Vietnam.
for privacy regulators and the economic impact of cross-border
information and communications technology (ICT) services. The The second report, Seeking Solutions: Attributes of Effective
first report reveals $1.72 trillion in global GDP gains that could Data Protection Authorities, makes a series of recommendations
result from reducing market and regulatory barriers to cross- to improve the effectiveness of data privacy regulators. The
border ICT services. The second report highlights best practices report calls on DPAs to promote education, awareness, and
for global data protection authorities (DPAs) that will contribute transparency surrounding data protection governance, as
to effective data protection governance. well as to seek feedback from and collaborate with relevant
stakeholders. According to the report, effective DPAs should
“Data has become a principal catalyst of global economic also be able to understand and adapt to changes in the global
growth, and American companies and American technology business and technology landscape. The report was written in
are at the forefront. But more and more, governments are partnership with Hunton & Williams LLP.
putting barriers in place that restrict the benefits derived from
the digital economy,” said Sean Heather, vice president of the Federal Trade Commission (FTC) Chairman Maureen Ohlhausen
Center for Global Regulatory Cooperation at the U.S. Chamber. delivered a keynote address at a rollout event launching the two
“Governments can encourage economic growth by facilitating reports.
the global movement of data and engaging with stakeholders as
partners to promote accountability and compliance.” The U.S. Chamber of Commerce is the world’s largest business
federation representing the interests of more than 3 million
The first report, Globally Connected, Locally Delivered: The businesses of all sizes, sectors, and regions, as well as state and
Economic Impact of Cross-Border ICT Services, examines eight local chambers and industry associations. Its International
global markets and finds that reducing barriers to cross-border Affairs division includes more than 70 regional and policy
ICT services could increase the GDP of these eight markets experts and 25 country- and region-specific business councils
by 1.87%, with a projected impact of $1.72 trillion on global and initiatives. The U.S. Chamber also works closely with 117
GDP. The report, produced by Spire Research and Consulting, American Chambers of Commerce abroad.
16
China 2025”
The U.S. Chamber's China Center released a new report and government-backed investment funds, to reach ambitious
entitled Made in China 2025: Global Ambitions Built on Local domestic and international targets.
Protections. This latest report examines China's comprehensive
plan to become an advanced manufacturing leader in industries By leveraging the power of the state to alter competitive
critical to economic growth and competitiveness. The report dynamics in global markets, MIC 2025 risks sparking economic
catalogues China's policy efforts to use a number of tools, inefficiencies and global overcapacity.
including subsidies, standards, procurement, financial policy,
Chamber Releases Reports on Best
Practices for Privacy Regulators and
the Economic Impact of Cross-Border
ICT Services
WASHINGTON, D.C. — The U.S. Chamber of examines the economies of Brazil, the European Union,
Commerce today released two reports on best practices Indonesia, Japan, Korea, Nigeria, Turkey, and Vietnam.
for privacy regulators and the economic impact of cross-border
information and communications technology (ICT) services. The The second report, Seeking Solutions: Attributes of Effective
first report reveals $1.72 trillion in global GDP gains that could Data Protection Authorities, makes a series of recommendations
result from reducing market and regulatory barriers to cross- to improve the effectiveness of data privacy regulators. The
border ICT services. The second report highlights best practices report calls on DPAs to promote education, awareness, and
for global data protection authorities (DPAs) that will contribute transparency surrounding data protection governance, as
to effective data protection governance. well as to seek feedback from and collaborate with relevant
stakeholders. According to the report, effective DPAs should
“Data has become a principal catalyst of global economic also be able to understand and adapt to changes in the global
growth, and American companies and American technology business and technology landscape. The report was written in
are at the forefront. But more and more, governments are partnership with Hunton & Williams LLP.
putting barriers in place that restrict the benefits derived from
the digital economy,” said Sean Heather, vice president of the Federal Trade Commission (FTC) Chairman Maureen Ohlhausen
Center for Global Regulatory Cooperation at the U.S. Chamber. delivered a keynote address at a rollout event launching the two
“Governments can encourage economic growth by facilitating reports.
the global movement of data and engaging with stakeholders as
partners to promote accountability and compliance.” The U.S. Chamber of Commerce is the world’s largest business
federation representing the interests of more than 3 million
The first report, Globally Connected, Locally Delivered: The businesses of all sizes, sectors, and regions, as well as state and
Economic Impact of Cross-Border ICT Services, examines eight local chambers and industry associations. Its International
global markets and finds that reducing barriers to cross-border Affairs division includes more than 70 regional and policy
ICT services could increase the GDP of these eight markets experts and 25 country- and region-specific business councils
by 1.87%, with a projected impact of $1.72 trillion on global and initiatives. The U.S. Chamber also works closely with 117
GDP. The report, produced by Spire Research and Consulting, American Chambers of Commerce abroad.
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