Trans-Atlantic Data Privacy Framework: New Data-Sharing Vehicle Is Promising
The Framework promises a vehicle through which companies can share data in ways they couldn't before thereby expanding global business. If the Framework operates as promised and intended, a data flow-reliant market worth $7.1 trillion could be supported and encouraged.
July 03, 2022 at 10:33 AM
7 minute read
On March 15, the United States and the European Commission (EU) entered into negotiations to create the Trans-Atlantic Data Privacy Framework (Framework). This effort is the third of its kind showcasing the legal complexity involved in creating a mechanism that fosters secure data flows between the United States and European Union, and provides redress for EU individuals who are targeted by U.S. government surveillance activities.
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