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will hold a hearing on "International Conflicts of Law Concerning Cross Border Data Flow and Law Enforcement Requests".
Already, efforts such as the Asia-Pacific Economic CooperaddressingC) are addressing the issue of balancing privacy without unduly burdening cross border data flows.
Recent developments regarding the National Security Agency's programs may complicate the TTIP negotiations; however, The Internet Association and our member companies believe that enabling cross border data flows does not eliminate privacy or compromise data protection.
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Furthermore, the US is particularly keen on boosting cross-border data flow, including traffic of personal and financial data.
The new framework will underpin over $250bn of transatlantic trade in digital services annually by facilitating cross-border data transfers that are crucial to international business.
Germany's independent privacy watchdogs say the surveillance programmes run by the NSA breach an EU-US pact meant to ensure cross-border data protection.
Cross-border data transfers by businesses include payroll and human resources information as well as lucrative data used for targeted online advertising, which is of particular importance to technology companies.
Ansip said: "Our next step is now to remove unjustified barriers which limit cross-border data flow: local practice and sometimes national law, limiting storage and processing of certain data outside national territory".
Facing legal obstacles in Europe, the U.S. businesses with the greatest stake in cloud computing — primarily Microsoft, Google, H.P. and Oracle — are lobbying lawmakers to loosen restrictions on cross-border data transfers.
The Schrems case is politically charged, thrust into the tense commercial and intergovernmental relations between the EU and US over data privacy, and particularly the imperilled 'safe harbour' regime, which has governed cross-border data transfers for the past 15 years.
The Parliament's version adds that reference to other mechanisms allowing cross-border data transfer would also suffice.
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