Argentina’s data transfer regulations mandate consent from individuals for international transfers and specify requirements regarding the protection of personal data. U.S. technology companies face operational challenges and increased costs, which can hinder their competitiveness. Conversely, Chinese firms may capitalize on these restrictions to expand their market presence in Argentina.
Argentina’s Cross-Border Data Transfer Regulation necessitates that individuals consent to any international data transfers and are aware of the recipient’s identity. This regulation includes few exceptions for situations like public health and government cooperation. Transfers to countries lacking adequate data protection are prohibited unless individuals provide explicit consent or meet specific criteria, complicating data transfer for foreign entities by imposing strict local privacy requirements.
In summary, Argentina’s stringent data transfer regulations not only inhibit the ability of U.S. technology firms to operate efficiently in the region but may also give Chinese companies a competitive advantage. By navigating these regulations more easily, Chinese firms can strengthen their position within the Argentine tech market, potentially displacing American competitors. Overall, the current regulatory landscape elevates operational costs and limits innovation for U.S. companies while bolstering China’s influence internationally.
Original Source: itif.org
