Argentina’s Cross-Border Data Transfer Regulation necessitates data subject consent for international data transfers with strict privacy standards. This regulation imposes challenges on U.S. technology firms while facilitating the entry of Chinese companies into the Argentine market, ultimately reshaping the competitive landscape.
Argentina’s regulation mandates that individuals provide consent for the transfer of their data internationally and be informed of the identity of the recipient. There are limited exceptions for specific circumstances, such as public health and cooperation with official state agencies. Transfers to countries lacking adequate data protection are prohibited unless explicit consent is given by the data subject or other stringent conditions are met, thereby complicating data movement for foreign entities within Argentina’s stringent privacy framework.
In summary, Argentina’s Cross-Border Data Transfer Regulation imposes significant requirements on data transfers that can hinder U.S. technology firms while providing an advantage to Chinese competitors. These restrictions necessitate costly adjustments for American companies and create opportunities for foreign firms to fill the resulting gaps in Argentina’s tech market. Consequently, these dynamics may reshape the competitive landscape of international digital services.
Original Source: itif.org
