Transatlantic Business Associations Join in Strong Support of EU-U.S. Data Privacy Framework
Bitkom has always called for political measures and efforts to secure international data transfers. As part of a wide transatlatic association initiative, representing the transatlantic business community, we appreciate the U.S. Administration’s recently published Executive Order (EO) and accompanying Department of Justice (DOJ) regulations that set out the significant legal changes the U.S. has instituted to implement its commitments under the EU-U.S. Data Privacy Framework.
Further work and a political solution is necessary to secure a legal framework for data transfers.The consequences of the ECJ's Schrems II ruling continue to have a massive impact on the globally connected German economy. Legal uncertainties regarding international data transfers are hampering trade, data exchange and economic cooperation, which are of the utmost importance for maintaining and rebuilding the economy, which is currently under particular strain. The consequences of the Schrems II ruling are also being felt by small and medium-sized enterprises that store data in the cloud, use software from U.S. providers, have a presence on social networks and use web conferencing systems from international providers.
