A joint press statement has been issued by the U.S. Secretary of Commerce, Wilbur Ross, and the European Commissioner for Justice, Didier Reynders, on the initiation of a discussion on how to enhance the EU-U.S. Privacy Shield framework to comply with the judgment of the Court of Justice of the EU in Schrems II (covered previously in ILIB) on July 16 of this year, which declared the framework invalid. The statement reads:

The European Union and the United States recognize the vital importance of data protection and the significance of cross-border data transfers to our citizens and economies. We share a commitment to privacy and the rule of law, and to further deepening our economic relationship, and have collaborated on these matters for several decades.