“We are all trying to be pragmatic and open-minded and ambitious and quick about this because for us it’s been seven weeks in the new administration but the world has been waiting eight months since the ‘Schrems II’ ruling, so there is a real sense of urgency on our part. There is also an opportunity to restart the trans-Atlantic relationship, and there is so much great cooperation going on between our leadership right now,” says Department of Commerce Deputy Assistant Secretary for Services Christopher Hoff .
“We also do want it to be as future proof as possible, so it’s a tricky conversation and balance.” he said
“There’s very little movement on the U.S., and there’s a very high bar to reach on the European side. There’s a feeling that we just have another agreement that is going to be killed rather soon.” – says Max Schrems.