Schrems II' hampers EU-US trade relations

26/10/2020 | The Hill

International Center for Law and Economics Director of Innovation Policy Kristian Stout writes that "billions of dollars in trade are in jeopardy" due to the lack of common ground for an EU-U.S. data transfer resolution. The "Schrems II" ruling means "a significant chunk of that commerce is now illegal," and the ruling may also put the EU in violation of the WTO's General Agreement on Trade in Services.

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