19 December 2012
The European Commission has formally recognised the adequacy of personal data protection in New Zealand, opening the way for increased trade with the European Union.
The decision recognises that New Zealand’s data protection standards are compatible with those of the EU and that they ensure adequate protection of EU citizens' personal data. The aim is to facilitate the free flow of personal data across borders so that businesses handling data can rely on legal certainty in data protection rules, while maintaining a high standard of protection for Europeans’ personal data – a fundamental right for citizens in the EU.
The full article can be found here.