“This historic agreement is a major achievement for privacy and for businesses on both sides of the Atlantic. It provides certainty that will help grow the digital economy by ensuring that thousands of European and American businesses and millions of individuals can continue to access services online.

“Beyond being essential to transatlantic commerce, the EU-U.S Privacy Shield also underscores the strength of the U.S.-EU relationship. It demonstrates our commitment to working together as leaders in the global economy, promoting our shared values, and bridging our differences where they exist.

“I want to specifically thank Commissioner Jurová and her team for their incredible, persistent work over the last two and a half years. It has been a long road, but we have turned a corner and now stand together on behalf of consumers and businesses on both sides of the Atlantic.”