This is uber stupid, because it will create way more divided internet (all countries will start separating further) and will create loss of trust in western/UK/US products (why would rest of the world continue to use iPhone/MacBook, google, Amazon, etc,..) therefore it will have huge cost in terms of lost revenue to all big companies. On the other hand there are smarter ways to do what is needed that respect privacy and do not cause such unnecessary economic harm to companies, but hey we'd need to have smart people in the governments (which are full of not smart people). Another aspect is that this will be unenforceable for huge majority of individuals since there will be plenty of solutions that will circumvent this, plus then number of companies will start forming companies in non affected geo's (off shore etc) and provide for example alternative to Viber/Skype/google/etc.. (some already exist).
