Following European Commissioner Vera Jourová’s statements on the status of the negotiations on a new Safe Harbor agreement.
The Information Technology and Innovation
Foundation (ITIF) released the following statement from ITIF Vice
President Daniel Castro: While we are encouraged by the progress made to
date, we are disappointed that U.S. and European negotiators did not
reach an agreement on a new Safe Harbor framework by the January 31
deadline. A new agreement is necessary to avoid disrupting the
transatlantic digital economy and ensure continuity of service for
thousands of U.S. and European companies and consumers. Free flow of
data across borders is essential to global trade and commerce in the
21st century. Every day that goes by without a comprehensive agreement
creates additional risk for businesses, which will translate into higher
prices and lower quality services for consumers.
The Information Technology
and Innovation Foundation (ITIF) is a nonprofit, nonpartisan research
and educational institute focusing on the intersection of technological
innovation and public policy. Recognized as one of the world’s leading
science and technology think tanks, ITIF’s mission is to formulate and
promote policy solutions that accelerate innovation and boost
productivity to spur growth, opportunity, and progress. Learn more at
www.itif.org
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February 2, 2016 |