Under European law, transfers of digital data, and in particular of personal data, outside the European Union (EU) are only possible if the level of data protection abroad is sufficient and adequate. Relations with the United States on this point have been complicated for several years. For legal reasons, data transfers between Europe and the US are now slow and expensive. Failure to streamline these transfers would cost €7 billion in administrative costs. The signing of a decree by President Biden on October 7 gives hope for a quick end to this situation, which is weighing on the development of European technology companies.
