American Chamber of Commerce Ireland calls for transatlantic data deal

New American Chamber of Commerce Ireland president Bob Savage has warned of serious implications arising if the EU and US fail to agree a new mechanism for cross border data transfers.

Up to 65% of small firms in Ireland depend on cross Atlantic data transfers and new chamber president Bob Savage said yesterday that firms could find obstacles to doing business in the US and citizens could have difficulty carrying out online banking while there if no agreement is reached.

Mr Savage also heads the Irish division of global cloud computing and data storage company EMC.