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Joint Statement from the U.S. Chamber and BusinessEurope on the Significance of Legal Certainty for Data Flows to the US-EU Economic Relationship
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Joint Statement from the U.S. Chamber and BusinessEurope on the Significance of Legal Certainty for Data Flows to the US-EU Economic Relationship
Business
Date posted: 25.03.2022
Category: Business News
WASHINGTON, D.C. — Businesses from both sides of the Atlantic operate in a global economy and their continued growth, innovation, and competitiveness depend on unimpeded transfers of data. As recent events have clearly demonstrated, reinforcing our shared connectivity is imperative as we face growing geopolitical and economic threats from other actors that do not share our values.
The economic importance of data flows is only increasing as our economies embark on a generational transformation towards a more digitally connected and sustainable society. To make such a transition a success, secure data transfers are foundational.
Source: U.S. Chamber of Commerce