U.S., EU advance talks to protect data transfers- WSJ

Reuters2021-09-11

Sept 10 (Reuters) - Officials from the United States and European Union are making progress on keeping data flowing across the Atlantic, with negotiations that are important to companies like Facebook Inc and thousands of others, the Wall Street Journal reported on Friday.

The two parties aim to avoid a disruption of company data transfers by resolving a long-running conflict between strict EU privacy laws and U.S. surveillance measures through talks that will continue next week in Brussels after a round in the U.S. this summer, according to the report

A U.S. delegation will meet with EU officials with the objective of nearing an agreement on conditions to let firms carry on with storing and accessing personal information about Europeans on U.S. soil, the report said, citing people familiar with the matter.

The office of the United States Trade Representative and EU did not immediately respond to Reuters requests for comment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
7