According to Euractiv, following the recent decision of the CJEU to invalidate the EU-US Privacy Shield agreement, the Council of Europe (CoE) has stated that this ruling crystallised the importance of charting a binding international agreement for the protection of privacy and personal data. In a statement, the CoE argued that 'this decision has implications beyond EU-US data transfers and raises broader questions relating to international data transfers, providing yet another opportunity to strengthen the universal data protection framework and to address the need for a global legal instrument on intelligence services'.