US, EU trade groups warn of ‘enormous’ consequences if data pact talks fail

EPA/OLIVIER HOSLET

EU Commissioner for the Digital Economy and Society Guenther Oettinger speaks at a news conference on the Digital Single Market Strategy at the European Commission headquarters in Brussels, Belgium, 09 December 2015.

US, EU trade groups warn of ‘enormous’ consequences if data pact talks fail


The largest American and European trade groups – the US Chamber of Commerce, Business Europe, Digital Europe and the Information Technology Industry Council – warned of “enormous” consequences for thousands of businesses and millions of users if Brussels and Washington fail to wrap up talks on a data transfer pact by the end of the month.

As reported by the Reuters news agency, the EU and the US accelerated negotiations on a new framework enabling firms to easily transfer personal data across...


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