The announcement of a new agreement between the EU and US on transatlantic data transfers has been welcomed by Ibec, the group that represents Irish business.
 
They claim that the international free flow of data is essential to innovation, economic growth and jobs in both Europe and the US.
 
Ibec Head of Digital Economy Policy, Erik O’Donovan commented, "A resilient data protection framework underpins a competitive digital economy. The new agreement is vital to both of these shared objectives.

"It is now important to swiftly finalise the detail of the agreement. It is crucial that the Commission and national data protection authorities ensure consistency and clarity in implementing the new arrangements." 
 
Source: www.businessworld.ie