WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for Global Trade Policy Tiffany Smith today issued a statement following following the EU’s adoption of an adequacy decision for the U.S.-EU Data Privacy Framework:
“NFTC welcomes yesterday’s decision by the European Union that the U.S. offers data protections equivalent to the EU. This determination completes years of hard work under the U.S.-EU Data Privacy Framework and enables data transfers between the U.S. and EU in compliance with the EU’s GDPR privacy protections, thus allowing U.S. companies to reliably deliver world class goods and services in the Transatlantic marketplace.
“NFTC calls on the U.S. and EU governments to continue working together on the full range of digital regulations to ensure U.S. companies continue to have access to the EU market.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
