European Commissioner for Justice Didier Reynders and U.S. Secretary of Commerce Gina Raimondo on March 25 issued a joint statement announcing that the negotiations on an enhanced EU-U.S. Privacy Shield framework will intensify.
A new framework for transfers of personal data between the EU and the U.S. has been needed since the previous EU-U.S. Privacy Shield framework was annulled by the Court of Justice of the European Union in the Schrems II judgment in July 2020. Discussions on a potential enhanced EU-U.S. Privacy Shield framework began in August 2020.
According to the Joint Statement, the negotiations “underscore shared commitment to privacy, data protection and the rule of law and mutual recognition of the importance of transatlantic data flows to citizens, economies, and societies,” and the EU-U.S. partnership “on facilitating trusted data flows will support economic recovery after the global pandemic, to the benefit of citizens and businesses on both sides of the Atlantic.”
Additionally, in a joint speech given in Brussels, the President of the European Commission, Ursula von der Leyden, and U.S. President Biden indicated that the EU and the U.S. have found “an agreement in principle on a new framework for transatlantic data flows” that will “enable predictable and trustworthy data flows between the EU and the U.S., safeguarding privacy and civil liberties.”
Blog courtesy of Hunton Andrews Kurth, a U.S.-based law firm with a Global Privacy and Cybersecurity practice that’s known throughout the world for its deep experience, breadth of knowledge and outstanding client service. Read the company’s privacy blog here.