Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-01-19-Speech-4-433-000"
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"en.20170119.30.4-433-000"2
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"Mr President, congratulations on your re—election and also congratulations to Mrs Thyssen on a very good presentation to us here today. There is no doubt about it: a thriving digital economy is one of the cornerstones of growth and employment in the EU. However, as has been outlined by the Commissioner, barriers remain that prevent us from achieving the full potential of the digital economy. Europe’s digital market, for example, remains heavily fragmented. This is a key part of the European digital single market strategy which could add EUR 415 billion per annum to the EU economy, creating an additional income of EUR 817 per person. The digital economy is estimated to represent 22.5% of the world economy and is estimated to be worth 8.4 billion or 5% of GDP in my own country of Ireland. That is an 85% increase between 2009 and 2014. So completing the digital single market is vital for all of us.
Because of that, we must look at the barriers and here our competitiveness is at stake. Ensuring the free flow of data in the EU is simply crucial if we in Europe want to keep pace with Asia and North America. Data localisation rules in different Member States inhibit growth and are a barrier to this investment. In order to complete and implement the European digital single market and enable international data flows that support innovation securely, removing existing data localisation measures will drive down the cost of data services while expanding their use and choice. This alone could boost GDP by up to EUR 8 billion per year.
So, we have a lot of work to do, especially in the following areas: supervisory authorities obliging financial services providers to store their data locally; professional secrecy rules, for example in the health sector, implying local data storage and processing; sweeping regulations requiring the local storage of archived information generated by the public sector whatever its sensitivity.
Finally, I would just like to say I had the pleasure of working on the Data Protection Regulation and now I look forward to working with what is not covered in that – that is non-personal data."@en1
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