At Workday, a California-based HR software provider, the mood is positive. The vice president of corporate affairs thinks that the US and EU can reach an agreement on more than just the privacy shield issue. There are a number of tech issues that are pending in the EU-US bilateral, so this is a positive sign that the EU and the US can work together.

Biden has offered a Data Protection Review Court, which will allow EU citizens to challenge how US security agencies use their data, but privacy advocates are not impressed.

Even though the US authorities try to paper over the cracks of the Privacy Shield, the reality is that the EU and US still have a different approach to data protection. EU citizens data will not be the same protection as in the EU when it crosses the Atlantic.

EU officials can take up to six months to scrutinize the details of Biden's executive order. Privacy activists are expected to challenge the ruling in court when a new data agreement is ready. Tyson Barker is head of technology and global affairs at the German Council on Foreign Relations.

According to the European Commission, the new agreement can survive a court challenge. The US has been hedging its bets. The Asia-Pacific Economic Cooperation Cross-Border Privacy Rules system was supported by Christopher Hoff, deputy assistant secretary for services in the Biden Administration. The US would like to set this as the global standard.

Another privacy agreement won't affect the EU's influence. He doesn't care what standards other countries like. I'm familiar with the law in the EU.