On May 1, the Asia-Pacific Economic Cooperation (APEC) announced it approved Japan to participate in the APEC Cross-Border Privacy Rules (CBPR) System, Bloomberg BNA reports. Japan, which applied for acceptance in June 2013, now joins Mexico and the U.S. in the CBPR. APEC Electronic Commerce Steering Group Chair Lourdes Yaptinchay said, “E-commerce continues to develop rapidly to meet rising product and service demand among the Asia-Pacific region’s 2.8 billion consumers … Complementary regulatory policy that limits costs to businesses while protecting data privacy is critical to facilitating this process.” In a recent post for Privacy Perspectives, Hunton & Williams’ Markus Heyder wrote about APEC and how interoperability is gaining momentum, becoming the most-effective “near-term practical solution” to maintaining efficient global data flows.
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