It has been reported that the EU and the US are close to agreeing a deal on what will be a replacement for the EU-US Privacy Shield, deemed invalid in July 2020.
Since then, we have had to rely on Standard Contractual Clauses (“SCC’s”) and of course in the UK we now have the new International Data Transfer Agreements (“IDTA’s”).
The negotiations, which could lead to an in-principle agreement very soon, come after pressure from both sides to get the issue resolved, and data protection regulators in Austria, France and the Netherlands moving towards banning companies from transferring data to the US
Of course, any EU-US agreement would not affect the UK now, but James Snook from DCMS is quoted as saying that the UK government is having constructive conversations with their US counterparts.