In recognition of the need for the world’s two largest economic blocks to coordinate data protection efforts, The Article 29 Working Party of the EU released a “Referential” to map the EU requirements for Binding Corporate Rules (“BCRs”) and the APEC Cross Border Privacy Rules System (“CBPRs”). This Referential is a tool for the two systems to determine common ground. Ultimately, it will be used by the EU in the process of determining what level of cross-recognition may exist between BCRs and CBPRs, in terms of the “adequacy” necessary to move data between the EU and Asia.
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