A joint press statement [3] 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 [4]) 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.