Brussels – Negotiators from the European Fee and China have began talks on methods to make the switch of non-personal knowledge simpler. Attributable to restrictions imposed by China, European firms are discovering it more and more troublesome to export knowledge.
Information flows are a vital a part of commerce. International direct investments rely considerably on the flexibility of firms to handle their knowledge throughout borders. That is particularly necessary in sectors equivalent to finance and insurance coverage, but additionally in prescription drugs, the automotive business, and ICT. Analysis and growth additionally depend on knowledge transfers.
Nonetheless, it has change into more and more troublesome for European firms to export their knowledge from China to Europe. For safety causes, Beijing restricts the switch of “necessary knowledge,” however this idea is interpreted very broadly in China. This has led to an additional decline within the confidence of European buyers in China, argues the Fee.
Technical specialists at the moment are in search of a solution to facilitate knowledge flows between the EU and China. Within the subsequent section, the dialogue will proceed at a political degree.
The European Fee had beforehand reached a precept settlement with the Chinese language authorities to make it simpler for European firms to switch their non-personal knowledge and to adjust to Chinese language knowledge legal guidelines. Throughout their go to to Beijing, Fee President Ursula von der Leyen and European Council President Charles Michel already raised the problem with Chinese language President Xi Jinping in December final 12 months. (28/09/2024)
