Singapore has become the latest member of the APEC Cross-Border Privacy Rules System, a further boost for e-commerce growth and the protection of sensitive online consumer data in the Asia-Pacific.
The move recognizes that Singapore’s personal data protection law is aligned with the system to facilitate data flows between economies and prevent accidental disclosure and misuse of personal data derived from transactions online. These range from internet banking, sales and transfers of education, health and travel records, to social media posts, instant messaging and GPS signals.
Singapore is the APEC Cross-Border Privacy Rules System’s sixth participant, joining Canada, Japan, Korea, Mexico and the United States. The arrangement was finalized during policy consultations among e-commerce officials from the APEC region in Port Moresby.
“The seamless exchange of personal data will enable certified Singapore businesses to plug into even more regional and global business opportunities. Meanwhile, our consumers will enjoy greater peace of mind when they shop or use vital services online,” said Tan Kiat How, Singapore’s Infocomm Media Development Authority CEO and Personal Data Protection Commissioner.
“Our entry into the APEC Cross-Border Privacy Rules and Privacy Recognition for Processors Systems will benefit Singapore’s businesses and consumers,” Tan continued.
Asia-Pacific retail consumers alone purchase around USD1 trillion in goods and services online annually, over half of the global total, and counting. In Singapore, e-commerce sales are forecast to rise 11.7 per cent by 2020, according to BMI Research, fueled by its growing number of successful and expanding platforms such as Grab ride-sharing and online grocer RedMart.
The digital space is also creating greater opportunities for outsourcing businesses, allowing such companies in Singapore to tap into new regional growth drivers.
Under the APEC Cross-Border Privacy Rules System, the privacy policies and practices of companies operating in Singapore, like those in other participating APEC economies, will voluntarily follow a set of commonly agreed rules based on the APEC Privacy Framework. Such companies are assessed and certified by a third-party verifier known as an Accountability Agent.
“The growth of the APEC Cross-Border Privacy Rules System reflects the increasing need for interoperability between differing privacy regimes, reducing barriers to digitally-based trade between them and promoting greater trust and entrepreneurship online,” explained Shannon Coe, Chair of the APEC Electronic Commerce Steering Group, which administers the initiative.
“As big data, artificial intelligence and other innovations translate into new business ventures, the need for seamless and secure data flows will only increase in importance,” concluded Coe. “The inclusion of Singapore in the APEC Cross-Border Privacy Rules System is another step in the right direction and builds momentum for its continued development.”
It comes as Singapore also joined the Privacy Recognition for Processors System, the second to do so after the United States. This APEC initiative helps personal information processors demonstrate their ability to provide effective implementation of a personal information controller’s privacy obligations related to the processing of personal information.
E-commerce officials will assess the progress of the APEC Cross-Border Privacy System and Privacy Recognition for Processors System, and seek to build on it when they convene once again in Port Moresby in August.
Digital Technology Will Help Djibouti Leap into the Future
Digital technology will have a critical part to play in boosting Djibouti’s socio-economic development and meeting the ambitious goals set out in its national strategy, Vision Djibouti 2035. As a key step toward building a strong, inclusive digital economy, the Government of Djibouti and the World Bank are co-hosting a high-level event that will explore the potential benefits of digital development and propose a concrete roadmap of action.
“Disruptive technologies are creating new business models, opening up new markets, and giving consumers access to more products and services than ever before. It is hard to overstate the economic potential of these transformations,” said Ilyas Moussa Dawaleh, Djibouti’s Ministry of Economy and Finance. “In a country like ours, developing a high-performing digital ecosystem will provide a unique chance to stimulate the economy and create jobs. The Digital Economy conference starting today will bring us one step closer to this vision.”
“The digital sector will be key to improving the lives of Djiboutian people, expanding our economy, and strengthening our position as a logistics and commercial hub. With eight submarine cable landing on our shores, there is no doubt Djibouti has what it takes to become a digital leader in the region,” noted Abdi Youssouf Sougueh, Minister of Communications. “We are keen to bring in development partners like the World Bank to leverage this infrastructure to the fullest and reinforce all the other fundamentals that are necessary to nurture a vibrant digital economy.”
The conference will bring together a wide range of government representatives, technology pioneers, and development partners. Building on this uniquely diverse combination of knowledge and global perspectives, participants will assess Djibouti’s digital landscape, share international best practices, discuss how technology can help modernize all sectors of the economy, and outline a clear strategy and action plan for digital development in the country.
“Countries around the world are leveraging digital innovation to accelerate economic growth and build a better future for people, and Djibouti is very well positioned to gain from that approach,” said Boutheina Guermazi, World Bank Director for Digital Development. “I am confident this event will pave the way for close collaboration on digital development between the Word Bank, Djibouti, and countries across the Middle East and Africa.”
In addition to discussing Djibouti’s opportunities and challenges, the event will also highlight the need for bolder action on digital development engagement across the region.
Sessions will cover all key dimensions of digital development, with a focus on how to strengthen the five pillars of the digital economy: digital infrastructure; innovation and entrepreneurship; digital financial services and identification; digital platforms; and digital literacy and skills.
“Technological innovation holds great promise for Djibouti. By harnessing the full power of the digital economy, the country could see significant GDP growth, create a future-proof labor market, and raise living standards for all segments of the population. We stand ready to work hand in hand with Djibouti on this journey, to help create the right conditions for a thriving digital sector,” said Atou Seck, World Bank Resident Representative in Djibouti.
The first shopping tourism project in Mexico
The World Tourism Organization (UNWTO) and the Municipality of León (Guanajuato, Mexico) have signed an agreement to carry out the country’s first project to develop Shopping Tourism, with the support of the Ministry of Tourism of the State of Guanajuato.
The project is expected to serve as an international reference point and as a showcase at major tourism forums.
The Tourism Observatory of the State of Guanajuato has been a member of the UNWTO International Network of Sustainable Tourism Observatories since 2014. At the World Tourism Organization’s General Assembly held in Medellín, Colombia, in September 2015, Guanajuato expressed its interest in being one of the destinations to develop a project on shopping tourism, and León was the selected destination in light of the fact that 27% of its tourists visit the city to go shopping.
The World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and universally accessible tourism.
The project will help León (Guanajuato, Mexico) to develop innovative shopping tourism offerings that link the public and private sectors and that highlight the destination’s tourism attractions and products as well as tourism’s contribution to socio-economic development, which includes the creation of jobs directly in the tourism sector and in the many activities related to the sector.
Smart city matchmaking in Barcelona
This year’s Smart City Expo World Congress (SCEWC), Europe’s biggest Smart City related event, takes place from 13 to 15 November in Barcelona and will, like previous editions, attract several thousand stakeholders.
During the congress, on November 14, the Smart Cities Innovation Partnership on Smart Cities (EIP-SCC) will organise its next matchmaking event, seeking to bring projects and investors together to stimulate action. It is especially tailored to match individual projects with financing.
To take part, stakeholders must register on the matchmaking platform where they will join other cities, industry and financial players. Registered users need to submit short descriptions of their upcoming projects. A dedicated team will then process and match them with financiers’ interests, leading to one-to-one meetings, organised specifically and individually for them and their projects.
Should participation in above-mentioned event not be possible, the matchmaking platform will remain available also after the Barcelona congress, as the EIP-SCC will organise further matchmaking events in the future.
In addition, there will be an exhibition stand, where interested stakeholders can meet any of the 12 Horizon 2020 Lighthouse projects (representing € 270 million of EU funding), experts from the EIP-SCC, the Smart Cities Information System, as well as the European Commission.
Finally, there will be a number of sessions organised at the mentioned exhibition stand as part of the SCEWC programme covering a wide range of Smart City related topics. The full programme is available at http://www.smartcityexpo.com/en/agenda-2018.
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