Data Market Development and Integration Objectives

Posted in EARDIP

In an effort to foster a safe, trusted and more integrated data market that will ultimately advance digital market integration in the region, the Data Market Development and Integration component has set out the following objectives:

1. Harmonisation of legal and regulatory framework for Cross-Border Data Flows

To develop a unified and consistent regulatory framework to facilitate seamless and secure cross-border data flows. Aligning national policies with regional and international standards will reduce compliance burdens, promote digital trade, and enhance regional economic integration.

Expected Outcome:
Improved data security and protection mechanisms across the region through the implementation of harmonised cybersecurity regulations.

2. Strengthening of cybersecurity and data protection measures

To strengthen cybersecurity and data protection and build public and business confidence in digital systems to enhance digital trust. Implementing robust legal frameworks, enforcing data privacy regulations, and investing in advanced security measures will support the mitigation of cyber risks and safeguard sensitive information.

Expected Outcome:
Seamless and trusted cross-border data exchange boosts trust in cross-border transactions, hence promoting digital trade and e-commerce.
Enhanced trust in digital transactions, encouraging greater adoption of online services.

3. Establishment of a Regional Cybersecurity Cooperation Mechanism

To establish a regional cybersecurity coordination platform to facilitate a coordinated regional approach to cyber threat intelligence, analysis, response, and recovery. The establishment of a collaboration mechanism will enhance the region’s ability to prevent, manage, and recover from cyber incidents.

Expected Outcome:
Strengthened regional cooperation in cybersecurity and data governance ensuring timely and effective responses to cyber threats and data breaches.

4. Build Cybersecurity Capacity in the region

To develop cybersecurity skills and expertise to strengthen regional resilience against evolving threats. Training programmes, fostering public-private partnerships, and investing in cutting-edge cybersecurity infrastructure will equip the region with the necessary capabilities to detect, prevent, and respond to cyberattacks effective as well as support enhanced coordination and response mechanisms.

Expected Outcome:
Increased investment in data-driven businesses with enhanced private sector participation will foster economic growth, innovation and a more competitive digital economy.