New Zealand lawmakers have passed a bill that could bring them closer to the European Union's coveted "adequate" status when it comes to cross-border data transfers. Scoop.co.nz reports that the New Zealand Parliament passed The Privacy (Cross-border Information) Amendment Act on August 26. "The government recognizes that in today's difficult economic environment, we need to do everything possible to improve the international competitiveness of our businesses," said Justice Minster Simon Power, who added that the new law allows businesses "to assure their international business partners that their customers' personal information will be protected by the full force of the law."
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