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Another bad day for privacy: Exclusive: New European, U.S. data transfer pact imminent - sources

02 February 2016

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"European and U.S. negotiators are on the brink of clinching a new transatlantic data transfer pact which should prevent EU regulators from restricting data transfers by firms, two people familiar with the talks said on Tuesday.

The European Union and the United States have been racing to replace the previous data transfer framework called Safe Harbour. The European Court of Justice (ECJ) struck it down last year over concerns about U.S. mass surveillance, leaving thousands of companies in legal limbo.

While the new pact would still need political approval the two sides should finalize the framework on Tuesday, the sources said, a day before European data protection authorities end a two-day meeting in Brussels."

See the full text: Exclusive: New European, U.S. data transfer pact imminent - sources (Rueters, link)

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