WASHINGTON: US and EU officials expressed hope on sealing a new transatlantic data-sharing pact before a looming deadline expires to avert a potentially crippling impact on American online firms including Facebook and Google.
A US Commerce Department lawyer said Washington made “a very strong proposal” which responds to privacy concerns after Europe’s top court struck down the so-called “safe harbour” agreement last year which provided the legal basis for US Internet firms which operate in Europe.
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