eco comments on adequacy decision on EU-U.S. Data Privacy Framework: “Companies need legal certainty in transatlantic data exchange”

The EU Commission today announced its preliminary adequacy decision on the Trans-Atlantic Data Privacy Framework, the successor to the EU-U.S. Privacy Shield. This is another milestone on the EU side towards a transatlantic data protection agreement. But before the Commission will publish a final decision in early 2023, the data protection authorities of the 27 EU states must now first give feedback on the agreement. 

eco Chair Oliver Süme has the following to say: 

“I welcome the fact that the EU Commission’s decision is a further step towards a reliable solution for transatlantic data exchange and hope that a decision on the EU-U.S. Data Privacy Framework will be reached promptly in early 2023. For many SMEs in Europe in particular, legally secure exchange of data at the international level is the basis for their data-driven business models and successful digital transformation. The positive signals on both sides of the Atlantic must now lead to a swift ratification of the agreement that adequately addresses the critical needs of all and finally ends the previous nerve-racking period for the digital industry.” 

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