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.