Digital economy agreements

Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister

“We actively take on the world as it is, not wait for a world we wish to be,” said Canada’s Prime Minister Mark Carney at the World Economic Forum in Davos last month. The logic of flexible multilateralism is straightforward: start with like-minded partners to build open and inclusive initiatives on issues where there is alignment.
NEW GLOBAL ORDER

Shaping flexible multilateralism for a world in flux

(From left) South Korean President Yoon Suk-yeol, Japanese Prime Minister Shigeru Ishiba and Lao Prime Minister Sonexay Siphandone link hands for the Asean handshake at the 27th Asean+3 Summit on Thursday (Oct 10).
ASEAN BUSINESS

Asean, South Korea raise ties to highest level on 35th anniversary; free-trade area to be upgraded

Asean is well-positioned to write its own rules on data governance, and the DEFA offers an opportunity to do so. Frontrunners in data governance in Asean, such as Singapore, have the experience and expertise to expedite this process.

Asean’s window of opportunity to write its own data rules

Defa provides an opportunity to improve upon existing Asean initiatives in digital trade facilitation, digital payments and data regulations.

Further steps for Asean’s digital economic integration

According to Boston Consulting Group, Asean’s digital economy is projected to triple by 2030, reaching almost US$1 trillion, up from the current US$300 billion.

‘Game changer’ agreement to unlock Asean’s potential US$2 trillion digital economy

Singapore’s experience in digital trade rule-making is a valuable asset in overcoming regulatory heterogeneity in digital trade governance.

Unlocking opportunities: Singapore as a standard-maker in digital trade governance

Above: A surveillance robot with monitoring and remote assistance functions. Through the expanded industry transformation map for the infocomm media sector, the government aims to strengthen the global interconnectedness of Singapore’s digital economy.

80,000 high-paying jobs in infocomms sector by 2025 under updated industry map

Passengers on a tour ship on the Huangpu river in Shanghai. Tourism is one of the areas of collaboration under the 15 agreements signed at the fourth Singapore-Shanghai Comprehensive Cooperation Council meeting.

15 deals signed at Singapore-Shanghai Comprehensive Cooperation Council meeting

Rows of houses in front of the Canary Wharf skyline in London. The UK has concluded negotiations to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
COMMENTARY

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