US-EU Data Deal Will Help Keep Internet Intact, Meta Says
During President Biden’s trip to Brussels this week to meet with EU leaders, he and European Commission President Ursula von der Leyen reached an agreement that will have tech companies everywhere breathing a sigh of relief. Together on Friday, they announced an agreement in principle on a new framework for transatlantic data flows.
This agreement is critical for tech companies including giants such as Google and Meta, which rely on being able to transfer data between Europe and the US in order to function properly. Back in February, Meta warned that if a new agreement wasn’t reached, it may have no choice but to pull out of Europe, after the former pact, known as Privacy Shield, became defunct.
“With concern growing about the global internet fragmenting, this agreement will help keep people connected and services running,” said Meta’s President of Global Affairs Nick Clegg said in a tweet on Friday. “It will provide invaluable certainty for American & European companies of all sizes, including Meta, who rely on transferring data quickly and safely.”