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How One Data Localization Rule Reshaped Global Trade
Description
In this episode of Global Trade with Fexingo, Lucas and Luna explore how data localization requirements—rules forcing companies to store data within a country's borders—are reshaping international commerce. They focus on India's 2023 mandate for payment data to be stored domestically, examining how it affected global fintech firms like Visa, Mastercard, and PayPal, and triggered a domino effect in other nations. The hosts break down the business costs: companies had to build new data centers, navigate conflicting laws, and rethink cloud strategies. They also discuss the tension between digital sovereignty and open trade, and why the WTO has struggled to address this issue. A concrete look at how bits and bytes are becoming the new battleground for trade policy.