Global Industry Calls for Timely and Ambitious Expansion of Participation in the APEC Cross-Border Privacy Rules System
Industry associations representing companies from around the world strongly support the Asia Pacific Economic Cooperation (APEC) forum’s work to expand business and economy participation in APEC’s Cross Border Privacy Rules (CBPRs).
The CBPRs are based on the internationally respected APEC Privacy Framework and endorsed by APEC Leaders since 2011. They are a uniquely interoperable, enforceable, and high-standard privacy code of conduct that facilitates cross border trade of goods and services and ensures that strong privacy protection will follow personal information across the Asia-Pacific region. By creating a certification system that bridges the privacy regimes of each participating economy in a cost effective and scalable way, the CBPRs allow participating companies to focus their time and resources on innovating, serving customers, and pursuing their business objectives.
We applaud the support that APEC Leaders and Ministers have demonstrated towards expanding participation in the CBPRs. We believe this reaffirms both APEC’s recognition of the importance of data flows to trade and investment in the region and its commitment to building bridges between national privacy regulatory regimes.