EU lawmakers want more talks to strengthen proposed US data transfer pact
In December, the EU executive in a draft decision said that US safeguards against American intelligence activities were strong enough to address EU data privacy concerns.

The move could further delay an accord that is critical for thousands of companies.
In December, the EU executive in a draft decision said that US safeguards against American intelligence activities were strong enough to address EU data privacy concerns.
Such worries had prompted Europe's top court to strike down two previous data transfer pacts, affecting thousands of companies that move Europeans' personal data across the Atlantic for commercial use such as financial services, human resources and e-commerce.
"This new proposal contains significant improvements, but unfortunately, we are not there yet," lawmaker Juan Fernando Lopez Aguilar said after the assembly voted in a non-binding resolution against the proposed pact.
He said there were still missing elements on judicial independence, transparency, access to justice, and remedies.
"So, we call on the Commission to continue negotiations and properly address these concerns. The mechanism must genuinely protect the data of EU citizens and businesses," he said.
EU countries have yet to adopt a non-binding opinion after which the executive will make its final decision on the pact.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.