News: Privacy Shield can enter into force next week.
Privacy Shield has been given the go ahead after it was approved by EU Member States.
The commercial data transfer pact that was provisionally agreed between the EU and US in February, has now been agreed upon by the EU, meaning that it can enter into force next week.
In a statement by Vice President of the European Commission Andrus Ansip and Vera Jourova, EU Commissioner for Justice, said that Member States had given strong support to the Privacy Shield agreement.
The statement said: "This paves the way for the formal adoption of the legal texts and for getting the EU-U.S. Privacy Shield up and running."
Privacy Shield is designed to ensure a high level of protection for individuals and legal certainty for businesses, providing a clear difference from the previous deal Safe Harbour.
The new deal is designed to create clear obligations on companies and how they handle data.
One of the stumbling blocks for agreeing the deal had been the necessity to seek assurances from the US that the access of public authorities by law enforcement and national security would be subject to limitations.
The statement said: "For the first time, the U.S. has given the EU written assurance that the access of public authorities for law enforcement and national security will be subject to clear limitations, safeguards and oversight mechanisms and has ruled out indiscriminate mass surveillance of European citizens’ data."
Privacy Shield is also designed to protect fundamental rights and provide accessible and affordable redress mechanisms, the EU Commission said.
"Both consumers and companies can have full confidence in the new arrangement, which reflects the requirements of the European Court of Justice. Today’s vote by the Member States is a strong sign of confidence," said the statement.
Having approved the final version of the EU-US Privacy Shield, the path is not clear for the adoption of it by the Commission on Monday.