Singapore: Adopted US-Singapore Partnership for Growth and Innovation statement including cross-border data transfer regulation

On 8 June 2023, the United States Department of Commerce and the Singapore Ministry of Trade and Industry convened for the second annual US-Singapore Partnership for Growth and Innovation (PGI) dialogue focused on the digital economy and smart cities. The parties announced their commitment to adopting policies to enable cross-border data transfers and expand the Global Cross Border Privacy Rules (CBPR) Forum. The CBPR Forum aims to ensure trusted data flows and promote data protection and privacy to support businesses in reaching global markets. Additionally, the parties stated that they had conducted workshops and collaborative initiatives on digital regulation, AI governance, cross-border data flows, and digital transformation support for small and medium-sized enterprises.