{"id":13181,"date":"2015-10-09T06:16:01","date_gmt":"2015-10-09T11:16:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13181"},"modified":"2015-10-09T06:16:01","modified_gmt":"2015-10-09T11:16:01","slug":"did-the-european-court-of-justice-just-torpedo-the-mother-of-all-us-trade-agreements","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13181","title":{"rendered":"Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements?"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/10\/08\/did-the-european-court-of-justice-just-torpedo-the-mother-of-all-us-trade-agreements\/\" target=\"_blank\">Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements?<\/a><\/h3>\n<p>Europe\u2019s already rocky trading relationship with the U.S. just got a whole lot worse. Thanks to one young man\u2019s battle against one of the world\u2019s biggest tech companies, data traffic underpinning the world\u2019s largest trading relationship has been thrown into jeopardy.<\/p>\n<p>As the Wall Street Journal\u00a0<a href=\"http:\/\/www.wsj.com\/articles\/eu-court-strikes-down-trans-atlantic-safe-harbor-data-transfer-pact-1444121361\">warns<\/a>, hanging in the balance could be billions of dollars of trade in the online advertising business, as well as more quotidian tasks such as storing human-resources documents about European colleagues.<\/p>\n<h3><strong>A Decidedly Unsafe Harbor<\/strong><\/h3>\n<p>When, in 2013, the Austrian law graduate Max Schrems filed a data-privacy-infringement lawsuit against Facebook after Edward Snowden had revealed the full extent of the company\u2019s collusion with the NSA, little could he have imagined the impact he would end up having. Now, two years later, the European Court of Justice has ruled that the Safe Harbor Agreement that has governed EU data flows across the Atlantic for some 15 years is no longer valid.<\/p>\n<p>As\u00a0<em>Tech Crunch<\/em>\u00a0<a href=\"http:\/\/techcrunch.com\/2015\/10\/06\/europes-top-court-strikes-down-safe-harbor-data-transfer-agreement-with-u-s\/\">notes<\/a>, the new ruling will affect all companies that outsource data processing of E.U. users\u2019 data to the U.S:<\/p>\n<p>The Safe Harbor executive decision allows companies to self certify to provide \u201cadequate protection\u201d for the data of European users to comply with the European data protection directive, and with fundamental European rights such as the right to privacy (under Article 8 of the European Convention for the Protection of Human Rights).<\/p>\n<p>In response to the ruling, Schrems said it \u201cdraws a clear line\u201d by clarifying that mass surveillance \u201cviolates our fundamental rights.\u201d The ruling will also directly affect the operations of some 4,500 European and international companies, including U.S. tech giants Alphabet\u00a0(Google\u2019s newborn parent company), Amazon, Facebook, and Microsoft.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements? Europe\u2019s already rocky trading relationship with the U.S. just got a whole lot worse. Thanks to one young man\u2019s battle against one of the world\u2019s biggest tech companies, data traffic underpinning the world\u2019s largest trading relationship has been thrown into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[9724,5660,279,284,9725,786,805,827,834,4255],"class_list":["post-13181","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-data-traffic","tag-don-quijones","tag-eu","tag-european-union","tag-safe-harbor-agreement","tag-technology","tag-trade","tag-united-states","tag-us","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13181"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13181\/revisions"}],"predecessor-version":[{"id":13182,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13181\/revisions\/13182"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}