In a blog post for Lawfare, Sidley Austin's Cameron Kerry and Alan Charles Raul make an economic case for preserving Presidential Policy Directive 28 and the EU-U.S. Privacy Shield agreement. With a new presidential administration about to take the reigns, Kerry and Raul argue that President Barack Obama's "executive order extending certain privacy protections to ordinary foreign citizens should not be on the chopping block because it is vital to trans-Atlantic digital trade and e-commerce." They also add that the new administration should not "discard the Privacy Shield framework" because trade with the EU "represents the U.S.'s largest trading relationship," amounting to $260 billion. PPD-28 is a "keystone underlying support for the Privacy Shield," they point out, adding, the agreement "has been vital in restoring global trust in U.S. technology and values. And it is central to the European Commission's conclusion in its Privacy Shield decision that U.S. law adequately safeguards EU citizens."
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