On 10 January 2017, the European Commission, published a communication on exchanging and protecting personal data in a globalised world (COM(2017) 7 final) (the "Communication") governing international personal data transfers and it highlighted that it would:
- prioritise discussions on adequacy decisions with key trading partners: Japan and South Korea, India and countries in Latin American and the European neighbourhood; and
- conduct periodic reviews of existing adequacy decisions at least every four years.
Where an organisation transfers personal data to any of the key trading partners, it should monitor any communications or adequacy decisions that arise out of future discussions.
The Communication can be read here.