Update: EU executive, US strikes transatlantic data transfer pact

Published Tue, Feb 2, 2016 · 03:56 PM
Share this article.

[BRUSSELS] The European Commission said on Tuesday that it had struck a deal with the United States on a new transatlantic data transfer pact to prevent EU regulators from restricting data transfers by firms.

"We have a deal," Commission spokesman Christian Wigand said on Twitter.

Earlier on Tuesday, sources told Reuters that the two sides were close to an agreement.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here