privacy-shield-agreement

NFTC Welcomes U.S.-EU Privacy Shield Agreement

The US and EU reached an agreement on a Privacy Shield Agreement on February 2, a move that is seen as a big win since it offers a new framework to ensure transatlantic data flows. “In today’s global economy, cross-border data flows are critical to doing business,” said National Foreign Trade Council (NFTC) President Bill Reinsch. “To support already robust U.S.-EU trade and investment relations, companies need the ability to transfer ... [+]