Newly Confirmed Commerce Secretary Voices Support For Privacy Shield

BY CCIA Staff
March 2, 2017

Washington — In a speech to staff, incoming Commerce Secretary Wilbur Ross spoke about his support for Privacy Shield, the agreement that allows data transfers between the European Union and the United States, according to news reports. This was no doubt well received by staff who spent countless hours negotiating this new agreement last year after a European high court found the previous method companies used to be invalid.

The former special counsel to Commerce’s general counsel, Brian Hengesbaugh, who helped negotiate the original data transfer deal that preceded Privacy Shield, told Bloomberg BNA this week that Ross deeply understands “the importance of Privacy Shield for the U.S. and the global digital economy.”

Privacy Shield is now the primary means for American companies to transport digital goods between the US and Europe. Trade in transatlantic digital services alone is valued at more than $260 billion annually. The scope of the additional value from the range of traditional goods and services trade enabled by cross-border information flows has not been fully calculated.

Data flows between the EU and U.S. are a high priority because Europe is the United State’s most valuable partner. Data flows between the EU and U.S. are the highest in the world—50 percent greater than those between the U.S. and Asia.

Ross indicated support for Privacy Shield during his confirmation hearing, but even so, this latest reiteration of support is reassuring for the thousands of companies from sectors ranging from insurance to healthcare to financial services and the tech sector that depend on this agreement to transfer online data.

Related Articles

Transatlantic industry groups urge swift agreement on EU-US commercial data flows

Jul 14, 2021

Brussels, BELGIUM — Ahead of the first anniversary of the invalidation of the Privacy Shield on Friday, more than 20 EU and U.S. associations today sent a letter urging EU Commissioner Reynders and U.S. Secretary Raimondo to swiftly ensure an agreement for secure transatlantic data flows. Thousands of EU and U.S. companies continue to be…

European Parliament Resolution Raises Doubt about EU-UK Data Flows

May 10, 2021

Brussels, BELGIUM — The European Parliament’s Civil Liberties, Justice and Home Affairs Committee (LIBE) today reportedly opined that the United Kingdom does not provide adequate privacy protection to allow the transfer of EU personal data. Under the terms of the EU-UK Trade and Cooperation Agreement, the UK is considered adequate until 30 June 2021. While…

CCIA Offers European Commission Comments On Data Transfer Method

Dec 11, 2020

CCIA submitted comments to the European Commission on the draft new Standard Contractual Clauses (‘SCC’) to transfer data outside of the EU. CCIA believes this transfer tool will pave the way towards greater legal certainty for most data transfers outside the European Union. However, the tool could still be made more practical for companies to…