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Position paper - Joint industry letter on Schrems II Case Ruling
AmCham EU has co-signed a letter to Didier Reynders, Justice Commissioner, European Commission; Wilbur Ross, US Secretary of Commerce and Dr Andrea Jelinek, Chairwoman, European Data Protection Board. The letter reiterates AmCham EU’s concern that the ruling to invalidate the EU-US Privacy Shield has caused uncertainty for thousands of businesses on both sides of the Atlantic engaging in data transfers.
As the letter states, cross-border data flows between Europe and the US are the largest in the world, with flows of data to the US accounting for over 50% of all of Europe’s data flows. The EU-US Privacy Shield is an important mechanism for international business operations which rely on the seamless flow of data across borders. The co-signatories call on policymakers on both sides of the Atlantic to begin immediate negotiations on a successor agreement.