Singapore is one of the founding members of a newly established Global Cross Border Privacy Rules (CBPR) Forum.
The aim of the Forum is to establish the Global Cross Border Privacy Rules and Privacy Recognition for Processors Systems, first-of-their-kind data protection and privacy certifications that help businesses demonstrate compliance with internationally recognized data protection and privacy standards.
Other economies also participating in the APEC CBPR System at this time are Canada, Japan, the Republic of Korea, the Philippines, Chinese Taipei, and the United States of America.
The Forum's declaration can be found at: https://www.commerce.gov/global-cross-border-privacy-rules-declaration.
There is also an FAQ document at the end, where it is clarified that the international certification system established by the Forum will be based on the APEC CBPR and PRP Systems. However, it will be independently administered and separate from both of these APEC Systems. Founding members of the Forum will consult with accountability agents as well as companies currently certified under the APEC CBPR or PRP System to formally transition operations to the Forum. Thirty days' notice will be given to the accountability agents.