Analyzing Privacy Laws and Principles for Global Business Transactions

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This report delves into the critical role of privacy laws and principles in international business operations. It highlights key issues such as information transparency, proportionality, data protection, and information confidentiality, emphasizing their significance in building trust and fostering international relationships. The report explores how various countries, including Australia and the United States, have established legal frameworks to regulate information privacy, ensuring the protection of consumer data and promoting ethical business practices. It underscores the importance of adhering to these laws to facilitate safer and more accommodating global business environments, ultimately contributing to international marketing and economic growth. The report references key legal documents and articles to support its analysis, offering a comprehensive overview of the subject.
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Privacy laws and principles important for doing business internationally
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Privacy laws and principles important for doing business internationally
Personal information privacy protection is one of the major issues that affect how people do
business across the globe. This has raised a great concern on the personal information privacy
being distributed around the world especially with the use of internet mechanisms and has led
to countries formulating laws that govern how people across the globe adhere to information
privacy of their clients (Rose, 2009). These laws outlines how and when certain information
collected in the course of doing business ought to be used in a way that do not infringe the
privacy of the concerned parties. This has bring about good international relationships as well
as build confidence between international business partners thus creating a good business
environment internationally.
There are various important issues related to information privacy that are of the most concern
internationally. These issues include; Information transparency, Proportionality, Data
Protection and Information Confidentiality (Government, 2013). Many of the International
countries have laid down laws and principles that governs how information is handled in the
course of transacting business based on these privacy issues. That is, information collected
during business transactions international is owned by parties who are entitled to usage
transparency, proportionality, their information protection and purpose. These issues are
discussed in details below.
Information Transparency. This is concerned with the management of business parties or
partners information in a more transparent manner. The owner of the information must be
well informed on how the information or data is to be collected as well as how the
information will be used. The laws governing information transparency acknowledges that
the owner of the information or commonly known as the data subject in the context of law, is
entitled to information regarding the whole process of his information gathering and
processing even in the case of business transactions (SANDOVAL, 2016). This will ensure
that the information collected will not be used against the owner without his/her consent,
hence transparency must prevail.
Information Proportionality. This entails the amount of information that ought to be used or
collected based on the type of business being conducted. Here, the laws defines the amount of
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information that can only be shared based on the purpose in which it is intended for (Ramsey,
2016). This prevents organizations or people from collecting more information than it is
required from their clients for other usage. The information shared or collected should be
proportional and significant to the purpose to which it ought to serve and thus collecting
unnecessary or excess data from a client is a breach of the set laws and standard that governs
international business environment.
Data Protection. This entails safeguarding of personal or state information from misuse by
other parties or business partners. Every information collected during any business related
interactions or any international activities between two or more parties must be protected
from unauthorised persons or misuse. Data Protection laws ensures that information from
consumers or citizens is well protected from abuse and it is not used against them
(International, 2016). The laws defines proper procedures and lengths to which companies or
organizations can conduct their activities by ensuring that safety of their clients information
is put into considerations and that the information is not abused or disclosed to unauthorised
persons without the knowledge of the data subjects. Personal information for instance
collected through online shopping must be protected by the respective companies at all cost
from being disclosed or accessed by other unauthorised persons.
Information Purpose. The laws ensures that before the information is collected or processed a
clear intention or purpose of the desired information must be stated. The purpose must be
convincing and of legitimate interest. Otherwise if the intention is not well outlined the laws
forbid one from collecting any information (Government, 2013). The important of stating the
purpose of the intended information is to ensure that the data subject or the owner is made
aware of what the information is going to be used for. This will remove ambiguity as well as
ensuring that the information given is within the context of the law and well protected by
those in need of it. Therefore, the purpose must justify the legal framework outlined by a
given country governing information privacy.
To justify all these issues countries such as Australia and United State of America have
formulated laws that regulate information privacy and these laws are recognised
internationally. For instance, the Australian Government in their Australian Privacy
Principles document (Government, 2013), outlines various privacy issues which include the
one mentioned above governing the flow of information across all aspects of life or business
interactions such as health, political aspects, religious beliefs among others. This is also
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depicted on the United State of America International laws governing the mode of doing
business with other parties from different countries. The two countries are among many other
countries across the globe that have laid down laws that protects and ensures privacy of their
citizens and consumers in the course of doing business internationally.
In conclusion, it is evident that for one to conduct business with other people globally there
are some sets of rules that one must adhere to in order to ensure privacy of client’s data. This
is because privacy laws and principles laid down ensures that the client is entitled to
informational protection, transparency and confidentiality and whatever information one
shares must not be misused or abused in any way. If all these laws are observed and adhered
to, then doing business globally will be safer and more accommodating thus promoting
international marketing and growth.
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References
Government, A. (2013). Australian Privacy Principles. Privacy fact sheet 17, 1-21. Retrieved
September 29, 2017, from
https://www.oaic.gov.au/individuals/privacy-fact-sheets/general/privacy-fact-sheet-
17-australian-privacy-principles
International, P. (2016, May 21). Data Protection. Retrieved September 29, 2017, from
Privacy International: https://www.privacyinternational.org/node/44
Ramsey, D. (2016). International laws. US Legal, 2-9. Retrieved September 29, 2017, from
https://uslegal.com/international-law/
Rose, N. (2009). Privacy laws and regulations around the globe: the impact on doing business
internationally. Fulbright Canada LLP, 1-8. Retrieved September 29, 2017, from
https://www.lexology.com/library/detail.aspx?g=2fe09e32-56cc-4ffb-a75f-
0ba3d96b4e6b
SANDOVAL, K. (2016). Privacy Laws and International Data Exchange. Comparing EU
and US Standards, 1-9. Retrieved September 2017, 2017, from
https://nordicapis.com/privacy-laws-and-international-data-exchange-comparing-eu-
and-us-standards/
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