Recital 101

(101) The flow of personal data to and from non-EU countries and international organizations is an essential condition for the development of international trade and cooperation. The increase in such flows has created new challenges and problems in the field of personal data protection. However, when transferring personal data from the Union to controllers, processors or other recipients in third countries or international organizations, the degree of protection for individuals provided in the Union by this Regulation should not be lowered, including in cases of onward transfers of personal data: from a third country or international organization to controllers or processors in the same or another third country or to the same or another international organization. In any case, transfers to third countries and international organizations may only take place in full compliance with this Regulation. Transfers may only take place if the controller or processor complies with the conditions set forth in the provisions of this Regulation regarding transfers of personal data to third countries or international organizations - subject to the other provisions of this Regulation.

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Recital 101 of the preamble to the GDPR | ODO 24