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Asian ministers to discuss on regional Digital Economy Agreement by 2025
Posted on September 13, 2021 |
- Asia’s economic ministers aim to assure the region proceeds to induce global trade and investments to position itself better for future growth with the Digital Economy Framework.
- The Digital Economy Framework Agreement establishes trade rules and facilitates the interoperability of two or more economies within a digital system.
- It allows cross-border flows of data, secures personal data, consumer rights, and fosters innovation and co-operation in artificial intelligence.
- Singapore signed two agreements last year, the Digital Economy Partnership Agreement with Chile and New Zealand and the Singapore-Australia Digital Economy Agreement, which are currently in talks with South Korea and the UK.