On October 24, 2023, ABLI present its work on cross-border transfer of data in Asia at an online session co-organized by the APEC Business Advisory Council (ABAC) and the Asia-Pacific Financial Forum (APFF), and co-hosted by APEC Business Advisory Council Philippines and Aboitiz.
During the session, ABLI shared its findings and recommendations on business-level mechanisms such as contractual safeguards (or standard contractual clauses), binding corporate rules, certification (including CBPR), codes of conduct or privacy codes, and statutory and administrative exemption for sharing data across borders. The presentation is premised on ABLI’s publication Transferring Personal Data in Asia: A path to legal certainty and regional convergence published in 2020.
The sharing is part of a larger discussion on expanded cross-border flow of data that included insights from Francis Zhang from the Personal Data Protection Commission of Singapore on the ASEAN Model Contractual Clauses and Mark Jansen from PwC on the ASEAN Banking Interoperable Data Framework. The discussion was expertly moderated by Bob Trojan.
The session was held to present this year’s ABAC recommendations, among others, on the coordinated adoption of a toolbox of business-level mechanisms supporting secure and trusted sharing of data in the region. The measures will be for consideration by APEC Finance Ministers and other officials as they prepare for the final meetings in November in San Francisco.
More about ABLI’s work on data and digital economy can be found here and here.
