One of the most controversial matters to be addressed within the context of Brexit, has created uncertainty in the data protection realm. Although United Kingdom is leaving the European Union, there seems to be a general consensus to maintain constant data flows between the UK and the EU.

On August 24 2017, the UK government published a document that focused on the importance of maintaining data flows in order to avoid any disruption of business. The paper mentions that the main goals regarding data protection during BREXIT include, establishing a UK-EU model for exchanging and protecting personal data, preserving regulatory co-operation and maintaining business certainty and stability.

The UK seeks to establish a cooperation framework along with the EU by also compromising to draft a Data Protection Bill which will include the GDPR. All of this, within the scope of regulatory cooperation between the UK and the EU. This could reduce costs for companies when adapting to the new data protection scenario.

However, it is important to keep in mind that the EU and UK have a very close trade relationship and any disruption in conducting business regularly may greatly affect trade between the two. Therefore, it would be beneficial for both parties to reach an agreement that fully ensures the implementation of the required data protection standards, especially for data of European citizens.