New York, N.Y., February 2, 2016 – The United States Council for International Business (USCIB) commends the tireless and concerted efforts of negotiators from the European Union and the United States for achieving agreement on a new framework governing transatlantic data transfers, the “EU-U.S. Privacy Shield.”
“While providing strengthened privacy protections, this agreement will promote legal certainty and consumer confidence for transatlantic data flows, thereby fostering new projects, investments and provision of services that increase economic and societal benefits,” said USCIB President and CEO Peter Robinson.
USCIB supports efforts by all parties involved to finalize and implement the new Privacy Shield in a timely manner. Earlier today, the International Chamber of Commerce (ICC), of which USCIB is the U.S. affiliate, issued a statement in support of the EU-U.S. privacy shield.
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network – encompassing ICC, the International Organization of Employers, and the Business and Industry Advisory Committee to the OECD – USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. www.uscib.org.
Jonathan Huneke, USCIB
+1 212.703.5043, firstname.lastname@example.org