Morrie Goodman, (202) 482-4883 or
Mayeda, March 14, 2000 (202) 482-3809
SECRETARY WILLIAM M. DALEY
U.S.-EU "SAFE HARBOR" PRIVACY ARRANGEMENT
D.C. -- U.S. Secretary of Commerce William M. Daley announced
that the U.S. Department of Commerce and the European Commission
today reached an arrangement on a safe harbor system which will
allow continuing data flows between the U.S. and the EU and ensure
privacy protection for EU citizen's personal information. Under
the arrangement, U.S. organizations voluntarily agree to adhere
to "safe harbor" principles which bridge the gap between the U.S.
and EU systems for governing privacy.
Administration places the highest priority on the protection of
consumer privacy while expanding business opportunities," Secretary
Daley stated. "The arrangement demonstrates that both the EU and
the US recognize that a carefully constructed and well-implemented
system of self-regulation, as advocated by the President and the
Vice President, can protect privacy rights. I believe it also
has important implications for developing self-regulatory models
that could be useful in other areas."
data privacy success comes none too soon to support the growth
of the almost 2 trillion dollar US-EU trade and investment relationship,
particularly in the rapidly growing business-to-business and retailing
e-commerce sectors," Secretary Daley said.
Daley praised Under Secretary of Commerce for International Trade
David Aaron, and his EC counterpart, Director General John Mogg,
for their efforts to conclude this arrangement. He urged the EU
member states and the EU Parliament to complete their review of
the arrangement and provide their consent by the early June U.S.-EU
Summit. Approval from the EU member states and the EU Parliament
is necessary to finalize the arrangement and begin its implementation.
issue of financial services, both sides recognize the economic
importance of this sector and have agreed to continue their discussions
on a priority basis in order to provide the benefits of the "safe
harbor" principles in the context of U.S. laws and regulations.