Tuesday, 31st May
London, UK – In the past week the proposed EU-US Privacy Shield agreement, a new framework that will allow companies to transfer data across the Atlantic and that will replace the former Safe Harbor mechanism, has suffered setbacks with Members of the European Parliament and the European Data Privacy Supervisor Giovanni Buttaerelli expressing further concern about the agreement in its current form.
BritishAmerican Business welcomes the fact that European Data Protection Authorities (DPAs) in their Opinion on 13 April 2016 recognised that the EU-US Privacy Shield represents a major improvement and a step forward. We believe that new concerns raised by MEPs and the Data Privacy Supervisor should not hold back adoption of the new framework as they can be addressed through further clarifications. A swift adoption of the Privacy Shield without further delay is critical for the economies of both the EU and the US.
Jeffries Briginshaw, CEO, BritishAmerican Business:
“Cross-border data flows between the US and Europe, at about 15 terabits per second, are by far the highest in the world. We believe that the EU-US Privacy Shield in its current form is a solid mechanism that will reinstall much needed legal certainty and ensure continued data transfers across the Atlantic. Predictable and reliable legal instruments are at the heart of global trade. We are committed to working with policy makers so that we can reach adoption of the Privacy Shield that will stop further disruptions to data transfers across the Atlantic.”
About BritishAmerican Business
BritishAmerican Business BAB is the leading transatlantic business organisation, dedicated to helping companies build their business on both sides of the Atlantic. Its membership brings together the world’s leading multinational and middle market companies across sectors and geographies; and more than 100 of the world’s most successful CEOs support its work through their participation in its Advisory Board. It incorporates the American Chamber of Commerce (UK) and the British-American Chamber of Commerce (USA), which merged in 2000 to create a single, pre-eminent transatlantic organisation that could support its members across the Atlantic.
For more information please contact:
Tel: +44(0)20 7290 9878
Head of Policy & Trade
Tel: +44(0)20 7290 9885