December 2024
A roundtable on the foundations for cross-border data flows to support digital finance, trade and sustainability was held at the Point Zero Forum 2024. It brought together public and private sector experts from key domains to explore the challenges and opportunities in navigating this complex landscape*. Participants discussed potential pilots and initiatives to test cross-border data sharing innovations or arrangements to satisfy existing policy positions while creating a practical framework for industry to take advantage of digitalisation in trade and finance. A general shared goal was to highlight the feasibility of protecting national interests and policy aims while enabling the benefits of digitalisation to scale across borders.
The discussion was structured around three main topics: cross-border data requirements and challenges in the context of trade and supply chain digitalisation, cross-border data challenges within digital finance and payments, and structural foundations for cross-border data architectures. Each agenda item began with opening remarks from experts in the field, followed by open discussions and Q&A.
This report outlines the main threads of discussion and actions that could both enable the free flow of data while addressing concerns around privacy, cybersecurity, and the protection of intellectual property rights.
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