WASHINGTON, D.C.–U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant released the following statement today on the U.S.-EU Privacy Shield pact, which succeeds the Safe Harbor agreement struck down last year:
The U.S. Chamber, along with partner business organizations in Europe and the United States, issued a letter to President Obama and the European heads of state urging agreement on an updated Safe Harbor transatlantic data transfer mechanism to avoid costly interruptions to economically vital exchanges of data and information across the Atlantic.
WASHINGTON, D.C.—U.S. Chamber Senior Vice President for International Policy John Murphy issued the following statement on recent developments regarding privacy and data protection in the European Union (EU):
Many European citizens are concerned about the concept of investor–state dispute settlement, which is frequently portrayed as giving companies the right to sue governments for lost profits in secret international courts. Those who favour US–EU collaboration, including through the ambitious Transatlantic Trade and Investment Partnership agreement, can assuage these concerns by explaining how investment treaties strengthen international law. Governments created investor–state dispute settlement for their own purposes, anchoring it deeply in the UN system through numerous multilateral conventions—the most recent of which was adopted by the UN General Assembly in December 2014. By straying from this UN-based approach in its own response to public concerns, the European Commission might unfortunately weaken investor protection and the enforcement of international law. Its proposals on such issues as the right to regulate and the ‘investment court system’ should be reviewed in light of their impact on 50 years of international law.
Last week, the U.S. Chamber of Commerce and BusinessEurope issued a letter to senior leaders on both sides of the Atlantic encouraging both the U.S. and EU to reach a prompt conclusion on the ongoing discussions for a new Safe Harbor agreement. The letter emphasizes the negative impact of the ongoing legal uncertainty which is felt across all sectors, not just the tech industry.
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