Britain to push for post-Brexit data dividend

Data adequacy partnerships will be prioritised with the US, Australia, South Korea, Singapore, Colombia, the Dubai International Finance Centre, India, Brazil, Kenya and Indonesia.

“These new data adequacy partnerships, which will be subject to assessments that ensure high data protection standards, will build significantly on the £80bn ($110bn, €93.3bn) of data-enabled service exports to these ten destinations from the UK every year,” the government said.

Citing UN estimates, it added as much as £11bn worth of trade goes unrealised around the world due to barriers associated with data transfers.

Digital secretary Oliver Dowden said: “Now that we have left the EU I’m determined to seize the opportunity by developing a world-leading data policy that will deliver a Brexit dividend for individuals and businesses across the UK.

“That means seeking exciting new international data partnerships with some of the world’s fastest growing economies, for the benefit of British firms and British customers alike.”

The UK currently has adequacy arrangements with 42 other countries.

The government also plans to consult on the future of the country’s data regime to make it more ambitious, pro-growth and innovation-friendly, while still underpinned by secure and trustworthy privacy standards.