It should be recalled that the Court of Justice of the European Union (CJEU) understood that the requirements of the General Data Protection Regulation (GDPR) were not met, mainly in the recognition of rights in certain cases such as access or rectification.
The main problem lay not in the exporters and importers of such data, but in the lack of convergence between the regulations of the European Union and the United States. The future framework would provide solutions to the issues that had led to the cancellation of the previous mechanisms. It is a matter of offering new guarantees in the face of US laws, avoiding the disproportionate impact on the privacy of European citizens that this could cause.
This agreement in principle could solve the problem affecting the processing of data and the rights of data subjects, allowing for continuity and not harming the digital economy as a result. In the coming months we will know more details of this new framework, but everything suggests that this time there will be an agreement.