Washington DC – In response to the decision by the European Court of Justice to invalidate the U.S.-EU Safe Harbor Framework, a longstanding policy bridge that permitted companies to transfer personal data of European citizens while ensuring privacy, National Foreign Trade Council (NFTC) President Bill Reinsch released the following statement:
“Government and business leaders on both sides of the Atlantic recognize that trade between the United States and the countries of the European Union is clearly and deeply mutually beneficial, and commerce in the 21st century involves numerous data-driven services and applications that support that trade in ways that are critical to consumers, entrepreneurs and businesses of all sizes.
“Appropriate protections for privacy and data security are likewise shared priorities, and nobody should lose sight of that fact due to process differences in how results are achieved.
“The National Foreign Trade Council joins others calling for quick and responsible follow up to the recent court ruling on the Safe Harbor to permit consumers and businesses on both sides of the Atlantic to continue to engage in commerce in a manner that benefits consumers and businesses of all sizes while at the same time ensuring proper data safeguards. This is an eminently achievable goal.”
About the NFTC
Serving America’s Global Businesses Since 1914 – The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
