SINGAPORE: Singapore has joined Japan, the Republic of Korea, Canada, the United States and Mexico as the sixth APEC economy to participate in the Cross-Border Privacy Rules System this week.
It is also the second APEC economy alongside the United States to participate in the Privacy Recognition for Processors System.
According to Singapore’s Ministry of Communications and Information (MCI), the country must manage and exchange data in a responsible way. As a result, open data flows in combination with data protection standards must be advocated.
The APEC Cross-Border Privacy Rules (CBPR) apply to data controllers, including organisations that control the collection, holding, processes or use of data.
The rules aim to bridge differing national privacy laws within APEC countries, reducing barriers to the flow of information for global trade.
The Privacy Recognition for Processors (PRP) system applies to data processors, including those organisations that process data on behalf of other organisations.
