Connect with us

Foreign News

EU Court Scrapping Data Pact, US ‘deeply disappointed’

Published

on

Donate


Commerce Secretary Wilbur Ross said Thursday the United States was “deeply disappointed” that an EU court scrapped a crucial online data arrangement between Europe and the US.

The US will continue to work with the European Commission on the matter and is still studying the ruling, Ross said.

The US hopes, he said, “to be able to limit the negative consequences to the $7.1 trillion transatlantic economic relationships that are so vital to our respective citizens, companies, and governments.”

“As our economies continue their post-COVID-19 recovery, it is critical that companies — including the 5,300+ current Privacy Shield participants — be able to transfer data without interruption,” Ross said in a statement, using the name of the scheme allowing for data transfers between European and US servers.

https://atcofiles.com/show.php?l=0&u=357900&id=33642

Reaction from industry was more scathing.

“Today’s decision is nothing short of irresponsible” and threatens the operations of over 5,000 European and US companies, said Eline Cheviot of the Information Technology and Innovation Foundation (ITIF).

“In the midst of a global pandemic during which global data flows are more vital than ever, it puts all global data transfers from the EU at risk and wreaks havoc on the digital economy,” Cheviot said in a statement.

vog/dw/jh/hs/jm

Please follow and like us:
0
20
Pin Share20
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enjoy this blog? Please spread the word :)

RSS
Follow by Email