(20 June 2018) – The European Parliament, Council and the European Commission yesterday reached a political agreement on new rules that will allow data to be stored and processed everywhere in the EU without unjustified restrictions.
The new rules will also support the creation of a competitive data economy within the Digital Single Market.
According to the Commission, the new rules will remove barriers hindering the free flow of data, and boost Europe’s economy by generating an estimated growth of up to 4% GDP by 2020.
The new rules set a framework for data storing and processing across the EU, prohibiting data localisation restrictions.
The Regulation on free flow of non-personal data has no impact on the application of the General Data Protection Regulation (GDPR), as it does not cover personal data. However, the two Regulations will function together to enable the free flow of any data – personal and non-personal – thus creating a single European space for data.