The transatlantic relationship between the European Union and United States has reached a critical point. On July 16, the Court of Justice of the European Union’s (CJEU) decision in Schrems II to invalidate the EU-U.S. Privacy Shield resulted in uncertainty for thousands of U.S. and European businesses that depend on cross-border data flows. The U.S. Department of Commerce and the European Commission have renewed negotiations—for the third time—to come to a new agreement to facilitate data transfers from the EU to the United States, with the CJEU’s decision setting a high bar not only for the United States but also for other EU trading partners.
Meanwhile, the European Commission and United States are each considering their respective approaches to AI regulation and other digital policy issues.
On September 10, the Center for Technology Innovation at Brookings hosted a webinar to discuss issues of privacy, security, AI, and consumer protection in the context of EU-U.S. relations. EU Justice Commissioner Didier Reynders made brief opening remarks, followed by a panel discussion and questions.
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We have become so dependent on technology — we use it for our groceries, we tap into it for our health care. And these companies have created a new stream of jobs, as we’ve seen other industries disrupted over the course of not just the pandemic, but the last few years. [...] We’re missing opportunities when we dismiss the potential of technology, not just from a consumption standpoint, but from a production and development standpoint.