The EU can say this all they want, but the reality is it has zero teeth for any organization conducting business outside the EU, with no actual presence in the EU.
EU laws simply do not apply to the world, even if the EU thinks they should.
> The EU can say this all they want, but the reality is it has zero teeth for any organization conducting business outside the EU, with no actual presence in the EU.
Perhaps not, but the EU is the world's second-largest economy (only $2tn behind the US and $4tn ahead of China) accounting for about 1/5th of the global economy.
If one wants to operate a company that does international business, one will probably want to do business in the EU, which means following EU law in such matters.
EU laws simply do not apply to the world, even if the EU thinks they should.