Bloomberg Law
March 25, 2021, 10:52 PM

EU-U.S. Data Privacy Talks Pick Up as Companies Sit in ‘Limbo’

Andrea Vittorio
Andrea Vittorio

Stepped-up talks between the U.S. and the European Union around privacy protections for transatlantic data flows could signal policy proposals are coming soon that may lead to more certainty for U.S. companies moving data out of the bloc.

U.S. Commerce Secretary Gina Raimondo and EU Justice Commissioner Didier Reynders said in a joint statement Thursday that their governments agreed to “intensify” negotiations on the Privacy Shield, previously one of the main mechanisms governing data transfers from the EU to the U.S.

The statement is likely a welcome sign for businesses waiting for a data transfer solution. Otherwise companies could face ...

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