The most globally significant bilateral trade and investment relationship is between the U.S. and the EU. Increasingly, this economic relationship is underpinned and driven by the cross-border movement of data. In fact, cross-border data flows between the U.S. and Europe are the highest in the world—50 percent higher than data flows between the U.S. and Asia and almost double the data flows between the U.S. and Latin America. As the world’s two largest economies, the United States and the European Union’s decisions on support for cross-border data flows will have global implications.
On October 22, the Global Economy and Development at Brookings hosted a discussion on the importance of data flows for U.S-EU trade and investment globally.