AUG 17, 2023 | US | EUROPEAN UNION | POSITION PAPER
Strengthening Transatlantic Data Flows
Companies of all sizes and in all industries need to move data across the Atlantic to reach customers, manage supply chains, collaborate on research, and improve the services they provide to businesses and individuals. And customers—on both sides of the Atlantic—deserve to know that their personal data will be maintained private and secure when their data is transferred. Transatlantic data flows are among the most important for both Europe and the US, accounting for over one-half of Europe’s data transfers and about half of US data transfers. Disruption to transatlantic data flows can have significant adverse effects on consumers, businesses, and economic vitality.