EU sees data transfer deal with Japan early next year
The European Union aims to conclude a deal to allow businesses to seamlessly transfer personal data between the bloc and Japan by early next year, building on the recent agreement on a free trade pact.
Cross-border data flows are key to most businesses, but strict EU data protection rules forbid companies from storing European’s information on servers in countries deemed to have an inadequate level of privacy. As a result, firms have to rely on other more complex legal contracts. However, EU Justice Commissioner Vera Jourova has announced the EU is committed to adopting a decision to declare Japan 's data protection framework “adequate” by early next year.