SGTech at the Third APEC Business Advisory Council (ABAC) Meeting in Vietnam

 

 

SGTech Chair, Mr Wong Wai Meng discussed SGTech's work on digital trust during the Digital Working Group meeting at the 3rd APEC Business Advisory Council

 

SGTech’s Chair, and ABAC Singapore Representative, Mr Wong Wai Meng represented SGTech at the 3rd APEC Business Advisory Council (ABAC) meeting in Ha Long, Vietnam from 25 - 29 July 2022.

At the Digital Working Group (DWG) meeting, Mr Wong as DWG Co-chair for the Cross Border Privacy Rules (CBPR) workstream made a pitch to ABAC members on how SGTech’s work on Digital Trust is closely aligned to the APEC region’s digital agenda to facilitate more seamless trusted cross border digital flows. 

In addition to sharing the high-level interim recommendations from our Digital Trust Global Landscape Study, SGTech’s call for regional action was clear: the ABAC business community has the agency to take tangible steps to build trust amongst businesses, large and small, to facilitate greater trusted cross border data flows using existing standards and certification systems like the CBPR and linking them to local trustmarks to boost adoption rates. 

Acknowledging that larger companies may find it easier to navigate the complexities of high data privacy and compliance standards, ABAC’s unanimous support to co-launch SGTech’s Digital Trust Centre of Excellence (CoE) in October bodes well for the region’s SMEs who will benefit from the resources and capacity building initiatives that the CoE will develop upon its inception. 

SGTech further recommended for ABAC members to consider establishing a dedicated Digital Trust workstream under the DWG next year. We also extended an invitation to all ABAC members to attend the inaugural SGTech Global Future Series - Digital Trust Forum that will take place on 28 October during Singapore Week of Innovation and Technology (SWITCH) 2022.

Apart from the DWG meeting, the team was also focused on building partnerships with fellow ABAC members on the ground.

The ABAC platform has been an effective international advocacy tool for us to connect with more like-minded regional partners in the Asia-Pacific, to share and exchange views about key digital issues, including on SGTech’s strategic pillars of work such as Digital Trust.

 

 
SGTech and Singapore Business Federation (SBF) delegations at ABAC

 

 

 SGTech and SBF’s introductory meeting with ABAC USA representatives: Mr Dominic Ng, CEO, East West Bank and Ms Laura Lane, Chief Corporate Affairs Officer, UPS 

 

 

SGTech and SBF with ABAC Canada delegation led by Ms Jan de Silva, President & CEO of Toronto Region Board of Trade

 

 

Mr Wong with Dr Nguyen Thanh Hung, ABAC Vietnam representative and Founder of Sovico Group

 

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Published Aug 2022