29 Mar 2022

DIGITALEUROPE's reaction to the EU-US in principle agreement on data transfer

The EU and the US reached an “in principle” agreement on transatlantic data sharing, in the context of the negotiations of an enhanced Privacy Shield. DIGITALEUROPE is very pleased with this step as it represents a great relief to all businesses on both sides of the Atlantic, despite the challenging technical discussions still lying ahead.

DIGITALEUROPE’s Director General Cecilia Bonefeld-Dahl said:

“This agreement in principle is fantastic news for businesses across Europe and the United States. Transatlantic data flows underpin the EU’s almost 1 trillion euros of services exports to the US every year. The war in Ukraine has made it clear that democracies must stand together, and this agreement will strengthen our vital partnership with our US allies.

Of course, we have to wait to see the details, but this is a great signal at a difficult time for the global economy. We now urge the US government and the Commission to ensure that technical discussions deliver an agreement that stands the test of time.”

For more information, please contact:
Samia Fitouri
Senior Communications Manager
17 Nov 2023 Position Paper
Transitioning from Open Banking to Open Finance: DIGITALEUROPE’s position on the Financial Data Access Regulation (FIDA)
16 Nov 2023 Position Paper
One Data Act to rule them all? Avoiding competing data sharing rules: DIGITALEUROPE’s views on the European statistics regulation revision
10 Nov 2023 resource
Key policies for digitalization during the Spanish Presidency: The AI Act and the Data Act
Hit enter to search or ESC to close
This website uses cookies
We use cookies and similar techonologies to adjust your preferences, analyze traffic and measure the effectiveness of campaigns. You consent to the use of our cookies by continuing to browse this website.