The negotiations between the EU and the United States seems replacing the Safe-Harbour to the new “EU-USA. Privacy Shield” .
This new framework was recently discussed by WP29.
In summary, there is no published evidence that the Privacy Shield actually provides an adequate level of protection; much work needs to be done by the Commission and the U.S. to satisfy national data protection authorities .
The full text of the statement is as follows:
http://ec.europa.eu/justice/data-protection/article-29/press-material/press-release/art29_press_material/2016/20160203_statement_consequences_schrems_judgement_en.pdf