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July 11. 2016 — The Privacy Shield, a transatlantic agreement that would regulate data transfers between the EU and U.S., has been approved by EU member states as one of the last steps in its process to implementation.
According to Reuters, the agreement will be implemented by this week. Almost all EU member states approved the agreement, with Austria, Slovenia, Bulgaria and Croatia abstaining from the vote and Austria and Slovenia expressing concerns that the agreement does not go far enough to protect EU citizens' privacy.
In a statement released online, European Commission Andrus Ansip and the European Union's Commissioner for Justice, Consumers and Gender Equality Vera Jourov' declared, 'Today Member States have given their strong support to the EU-U.S. Privacy Shield, the renewed safe framework for transatlantic data flows. This paves the way for the formal adoption of the legal texts and for getting the EU-U.S. Privacy Shield up and running. The EU-U.S. Privacy Shield will ensure a high level of protection for individuals and legal certainty for business.'
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