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.”