MEXICO CITY—Mexico has been approved to participate in the Asia-Pacific Economic Cooperation’s Cross-Border Privacy Rules (CBPR) System, Mexico’s Secretary of the Economy announced Feb. 8.
The country is the second in the world to be approved to participate, the secretary added.
The accord will enable Mexican companies to more easily expand in the Asia-Pacific region by meeting strict consumer data protection laws, the secretary said.
Under APEC’s CBPR System, companies adopt and agree to abide by internal privacy rules coupled with third-party oversight by accountability agents.
APEC leaders pledged to implement the rules in a November 2011 declaration (220 PRA, 11/15/11
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