At a meeting in Hawaii this week, the Asia-Pacific Economic Cooperation (APEC) leaders endorsed the APEC Cross-Border Privacy Rules (CPBRs), reports Hunton & Williams' Privacy and Information Security Law Blog. Implementing the rules enables data flow across borders "while enhancing data privacy practices; facilitating regulatory cooperating, and enabling greater accountability through the use of common principles, coordinated legal approaches and accountability agents," said an APEC statement. Welcoming the approval of the rules, FTC Commissioner Edith Ramirez said they have the potential to "significantly benefit companies, consumers and privacy regulators." The APEC Data Privacy Subgroup will next begin developing the structure for CBPR implementation, the report states.
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