AmCham Bulgaria is aware of the concerns that the U.S. government has about data protection in light of the European Court of Justice’s invalidation of the EU-U.S. Privacy Shield Framework. The United States is particularly concerned about implications of that decision for the viability of using Standard Contractual Clauses (SCCs), that account for 90% of EU-U.S. data transfers.
We know that parties – The United States and the European Commission are working together to address and overcome this issue. Therefore, AmCham Bulgaria will address its membership to get feedback on the Transatlantic data flows. The chamber stays ready to prepare a statement on this issue and to address Brussels, Sofia, and Washington D.C. This should be a demonstration of our engagement on this issue and to raise voice to prevent any potential economic risk to both the U.S. and EU economies.
So far there were many statements from the business communities in Europe that point out the need for EU companies to be able to transfer data to the USA help articulate the potential disruptions to Transatlantic economy of interrupted data flows.
European business raises concerns
- For example, a group of German businesses published their statement
- AmCham EU stated not just once that the Schrems II and the ECJ ruling sends mixed signals to business.
- More insight can be seen from this article in The Parliament Magazine
U.S. Department of Commerce White Paper on data transfers
Recently, the U.S. Department of Commerce published a white paper to assist organizations in assessing whether their EU-U.S. data transfers offer appropriate protection in accordance with the ECJ’s Schrems II ruling. This information can help organizations in their assessment for using SCCs to send personal data to the United States.
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