What is the main function of the Asia-Pacific Economic Cooperation Privacy Framework?

What is the main function of the Asia-Pacific Economic Cooperation Privacy Framework?
A . Enabling regional data transfers.
B . Protecting data from parties outside the region.
C . Establishing legal requirements for privacy protection in the region.
D . Marketing privacy protection technologies developed in the region.

View Answer

Answer: A

Explanation:

The main function of the Asia-Pacific Economic Cooperation Privacy Framework is enabling regional data transfers while protecting information privacy across APEC member economies. The Framework promotes a flexible approach to information privacy protection that avoids the creation of unnecessary barriers to information flows3 It is based on a set of common privacy principles that are consistent with the core values of the OECD Guidelines on the Protection of Privacy and Transborder Flows of Personal Data3 The Framework also provides guidance for domestic implementation and international implementation of the privacy principles through various mechanisms, such as cross-border privacy rules (CBPRs), accountability agents, regulators, enforcement cooperation, and capacity building3 The Framework aims to facilitate the safe transfer of information between economies, enhance consumer trust and confidence in online transactions and information networks, encourage the use of electronic data to enhance and expand business opportunities, and provide technical assistance to economies that have yet to address privacy from a regulatory or policy perspective4

Reference: 3: APEC PRIVACY PRINCIPLES; 4: APEC Data Privacy Pathfinder

Reference: https://iapp.org/resources/article/apec-privacy-framework/