"On July 10 2023, the European Commission has made a significant decision regarding the protection of personal data between the EU and the United States. It has been determined that the United States ensures an adequate level of protection, comparable to that of the European Union, for personal data transferred from EU businesses to US companies under the new agreement.
This decision allows personal data to circulate securely between the EU and US entities without the need for further data protection guarantees. The new EU-USA framework for personal data protection introduces essential improvements to address concerns raised by the European Court of Justice.
For instance, access to EU data by US intelligence services will be restricted to what is necessary and proportionate, and an independent tribunal will be established to review data protection matters, accessible even to EU citizens. US companies adhering to this framework will be required to commit to strict privacy rules, such as the deletion of personal data when no longer necessary and ensuring data protection when shared with third parties.
This agreement will strengthen economic ties between the EU and the US and provide reassurance to European citizens about the protection of their personal data. Independent recourse mechanisms will be available in case of mishandling of data by US companies, and there will be safeguards to limit US intelligence access to transferred data.
This new framework is the result of extensive negotiations and cooperation between the EU and the US, demonstrating that when we work together, even the most complex issues can be tackled.
Monitoring the framework's operation closely and ensuring its effectiveness in safeguarding the personal data of European citizens will be crucial.
Now we are waiting for the reaction of the majors such as Google, Facebook, Amazon, Microsoft, Apple which, if they complied with the new framework agreement, would make data processing from the EU to the USA lawful again."