The United States and European Union will take stock December 17 on negotiations over data transfers across the Atlantic. The new agreement will replace the “safe harbor” pact struck down by a European court last month.
EU Justice Commissioner Věra Jourová told Austrian newspaper Wirtschaftsblatt that the replacement legislation to the safe harbor pact, which was struck down by the European Court of Justice, will be reviewed. The Commission aims to conclude negotiations in January 2016.
This agreement will be a “bridge” between the data protection authorities of the EU and the U.S, she said in the interview published on Monday.
Since the safe harbor decision, companies have been scrambling to find legal avenues to transfer data across the Atlantic. The safe harbor agreement was used by more than 4,000 companies, including Facebook, Adobe, and Weight Watchers.
By Ginger Hervey
read full article at Politico
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