We re-affirm our commitment to the values that AmCham stands for and that we share.
Kārlis Danēvičs, Board member, Head of Credits and Risk at SEB Banka
Following the recent announcement of a significant fine against Meta and an order for the company to halt transatlantic data transfers, the U.S. Chamber of Chamber issued a public statement highlighting the urgent need to finalize and implement the EU-U.S. Data Privacy Framework on May 22, 2023:
"The Announcement by Ireland’s Data Protection Commission (IDPC) regarding Facebook’s data transfers to the U.S. stems from hypothetical concerns about government access to data identified by the European Court of Justice almost three years ago. The European Data Protection Board’s decision to fine Meta, which the IDPC found had acted in good faith, creates a dangerous precedent for any company transferring data to the U.S. Most importantly, the U.S. and EU have since reached an agreement to satisfy the Court’s concerns. Once implemented, the EU-U.S. Data Privacy Framework should supplant today’s decision by the IDPC. This issue goes far beyond Meta; the time has come for the U.S. and the EU to operationalize this agreement quickly, returning certainty to data flows that underpin transatlantic economic ties, society, and our international cooperation.”
I look forward to promoting stronger U.S.-Latvia ties and working with AmCham members to ensure Latvia is a trusted destination for international business.
John Tully, Chairman of the Board of MikroTik