Six months after the announcement of a new transatlantic agreement for the legally secure transfer of personal data, the successor to the EU-US Privacy Shield may finally be coming: The agreement on the Transatlantic Data Privacy Framework is to be presented by US President Joseph Biden early next week.
In this regard, eco Chair of the Board Oliver Süme explains:
“After the most recent failed attempts to agree on a successor agreement to the EU-US Privacy Shield, things must now finally move forward. Time is running out, because the standard contractual clauses on which companies have to rely since the EU-US Privacy Shield ceased to exist are often associated with great legal uncertainty. In the worst case, many companies face fines and transfer bans if they transfer personal data from the EU to the US without a sufficient legal basis. However, a legally secure exchange of data at the international level is the basis of data-driven business models for the German economy, especially for many SMEs, and thus an important building block for a successful digital transformation. We therefore urgently need a long-term solution for the legally secure transfer of personal data from the EU to the U.S., which takes the requirements of the European Court of Justice into account.”
The Association of the Internet Industry has been advocating for years to strengthen a synchronised transatlantic solution for data protection. On 5 October, the American Council on Germany will host a Breakfast Briefing with Oliver Süme, eco Chair of the Board and Head of the Data Protection Working Group at EuroISPA; and eco’s Managing Director Alexander Rabe and co-initiator of the Alliance for the Strengthening of Digital Infrastructures in Germany.
In cooperation with its U.S. partner association i2coalition, eco is also holding another Transatlantic Dialogue on “Diverse Stakeholder Considerations Around the Future of the Transatlantic Data Privacy Framework” on 6 October in Washington, D,C.
You can find more information on https://www.eco.de/event/reawakening-digital-trade-diverse-stakeholder-considerations-around-the-future-of-the-trans-atlantic-data-privacy-framework/
