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Building a reliable framework for transatlantic data flows

25 May 2023
All Committees
Digital Economy

Thursday, 25 May marks the fifth anniversary of the European General Data Protection Regulation. This milestone serves as a strong reminder of the importance of having a stable and workable regulatory environment for what has become the lifeblood of our economy: data transfers. However, the Court of Justice of the European Union’s decision to invalidate the EU-US Privacy Shield in 2020 has has created uncertainty for transferring personal data across the Atlantic. It is time for the EU and the US to find a sustainable replacement and establish the EU-US Data Privacy Framework – here’s how