, Southeast Asia
174 views
Photo from ASEAN

ASEAN launches negotiations on digital economy framework agreement

The framework aims to facilitate more seamless cross-border digital trade.

Singapore, together with other member states of the ASEAN, has kicked off negotiations on the framework agreement that aims to facilitate more seamless cross-border digital trade.

According to the Ministry of Trade and Industry (MTI), the ASEAN Digital Economy Framework Agreement (DAFA) will “make it easier to do business within the region by improving digital rules in key areas such as digital trade facilitation, payments, standards and data.”

“It also aims to address top-of-mind emerging trends and developments such as
Artificial Intelligence,” the MTI added.

The ASEAN DEFA will conclude by 2025.

A study from the Boston Consulting Group showed that the framework agreement will double the regional digital economy from US$1t to US$2t by 2030. 
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!