Data exchange talks lag, jeopardizing US firms’ ability to operate in Europe

Thanks to revelations about government spying, a revamped version of a 15-year-old agreement governing the exchange of personal data between EU and the U.S. still seems a long way off, threatening the ability of American companies to do business in Europe.

The E.U. Safe Harbor framework is a set of standards for protecting the privacy of EU residents when their data is transmitted to the U.S. It contains policy directives that must be taken into account in order for companies like Google, Facebook, Microsoft and thousands of small companies in all sorts of businesses to process data in the U.S. from EU citizens.

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