Extract from article by Michael Young
On January 11, U.S. and Swiss authorities announced final agreement on the Swiss-U.S. Privacy Shield Framework . The Framework defines standards for handling personal data exported from Switzerland to the U.S. and enables U.S. companies to meet Swiss legal requirements to protect personal data transferred from Switzerland. The Framework is a successor to the former Swiss-U.S. Safe Harbor framework, which was declared invalid by the Swiss data protection commissioner following the invalidation of Safe Harbor by the European Court of Justice.
U.S. companies may participate in the Framework through an application to the International Trade Association in the U.S. Department of Commerce. Starting April 12, U.S. companies may make an application self-certifying their compliance with Swiss-U.S. Framework Principles .
More information will be provided at https://www.privacyshield.gov .