The US and the European Union have struck a preliminary settlement on an up to date Privacy Shield framework to re-enable the movement of data between the 2 areas. A was by the EU’s high court docket in 2020 over issues that Europeans wouldn’t be totally protected against mass surveillance by the US.
“We have found an agreement in principle on a new framework for transatlantic data flows,” European Commission President Ursula von der Leyen at a joint press convention with US President Joe Biden. “This will enable predictable and trustworthy data flows between the EU and US, safeguarding privacy and civil liberties.”
“Privacy and security are key elements of my digital agenda,” Biden . “And, today, we’ve agreed to unprecedented protections for data privacy and security for our citizens. This new arrangement will enhance the Privacy Shield framework, promote growth and innovation in Europe and the United States and help companies, both small and large, compete in the digital economy.”
Pleased that we discovered an settlement in precept on a new framework for transatlantic data flows.
It will allow predictable and reliable 🇪🇺🇺🇸 data flows, balancing safety, the proper to privacy and data safety.
This is one other step in strengthening our partnership. pic.twitter.com/7Y0wslR7Go
— Ursula von der Leyen (@vonderleyen) March 25, 2022
Biden added that ought to the new deal come into pressure, it would “allow the European Commission to once again authorize transatlantic data flows that help facilitate $7.1 trillion in economic relationships with the EU.” He stated the US and EU reached different agreements on bolstering renewable sources of power and lowering Europe’s reliance on fossil fuels from Russia.
The provisional deal on data privacy comes someday after the European Union on adopting the Digital Markets Act (DMA), laws geared toward reining in the facility of the largest tech firms and giving smaller gamers extra of an opportunity to compete. One provision might pressure the likes of Meta and Apple to make their messaging providers interoperable with different platforms.
At a on Friday, Margrethe Vestager, the European Commission’s govt vp for A Europe Fit for the Digital Age, stated the DMA will come into pressure in October.
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