The European Union and the US announced a preliminary data transfer deal on Friday, seeking to end the limbo in which thousands of companies found themselves after Europe’s top court threw ou…
on Friday, seeking to end the limbo in which thousands of companies found themselves after Europe’s top court threw out two previous pacts due to concerns about US surveillance.
President Biden and European Commission President Ursula von der Leyen said at a joint news conference in Brussels that the provisional agreement takes into account the court’s concerns and offers stronger legal protections. “I am very pleased that we have found an agreement in principle on a new framework for transatlantic data flows,” von der Leyen said.“This will enable predictable and trustworthy data flows between the EU and US, safeguarding privacy and civil liberties,” she added, without elaborating.
“A new agreement will provide companies of all sizes the legal certainty to transfer, analyze, and use data on both sides of the Atlantic. The ability to move data is critical in today’s digitally connected economy,” said US Chamber of Commerce Executive Vice President Myron Brilliant.
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