19 Jul Japan, EU Sign First Reciprocal Data Privacy Agreement
The European Union signed an agreement with Japan this week which recognizes each other’s data protection laws, allowing organizations to transmit personal data between the two regimes without the need for any particular authorization.
International law firm Hunton Andrews Kurth noted that while such equivalence agreements are quite common in the financial sector, it is the first instance for the EU to enter a reciprocal recognition of the adequate level of data protection with a third country.
Aside from the Japan data agreement, the EU also entered unilateral adequacy decisions with 12 other countries which include Andorra, Argentina, the Faroe Islands, Guernsey, Israel, the Isle of Man, Jersey, New Zealand, Switzerland, Uruguay and the United States.
Source: Delano
