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On 25 May 2018, the EU General Data Protection Regulation (GDPR) will replace all current data protection laws in every European Union country. The GDPR represents the most significant change to data protection law in more than two decades. However, as the reach of the GDPR will not be limited to Europe, this article highlights how international businesses will be affected by the new Regulation.
The GDPR will potentially impact companies in the Middle East – and anywhere else in the world – if they are offering products to individuals within the EU or monitoring the behaviour of EU-based individuals. International business partners are already starting to mandate compliance with GDPR standards through contractual terms and consumer expectations around privacy are higher than ever.
The way we generate and handle data has changed beyond recognition in the last 20 years. The GDPR aims to strengthen the control that individuals have over their data and to improve transparency about how that data is processed. It also seeks to facilitate business by simplifying rules for companies in the digital single market.
The GDPR will replace the current EU Data Protection Directive, 95/46/EC, which every EU country has implemented at country level. As a regulation, it will automatically apply to every EU member state from the effective date.
The EU recognises a person’s right to the protection of their personal data as a fundamental human right. Accordingly, the provisions of the GDPR place significant weight on ensuring fairness and enabling individuals to maintain control over their personal data. This translates into a high compliance standard for organisations that handle personal data and heavy sanctions for non-compliance. New rules under the GDPR include:
The original article (and image) was originally posted here: https://www.clydeco.com/insight/article/the-impact-of-gdpr-on-businesses-in-the-middle-east