The Asean Digital Economy Framework Agreement is targeted for conclusion by 2025. Read more at straitstimes.com.
JAKARTA – Online trade across countries in South-east Asia is set to become faster and more convenient, as Asean starts work on a new framework that could uThe bloc on Sunday launched negotiations on the Asean Digital Economy Framework Agreement , which will facilitate more seamless cross-border digital trade.
The launch of negotiations on the Asean Defa took place at the 23rd Asean Economic Community Council Meeting, held in Jakarta. Singapore was represented by Minister for Trade and Industry Gan Kim Yong. He added: “It will digitally join up our region and bring us closer to achieving an open, secure, and competitive regional digital economy.
In 2022, Singapore’s total trade in goods with Asean amounted to $344.3 billion, an increase of about 19 per cent over the previous year. Singapore invested $23.9 billion into Asean in 2022, up 8 per cent from the previous year.Asean must stay united, neutral and build resilient growth: Indonesian finance minister
Similarly, director of regional public affairs and policy at technology company Grab Jamie Ko said that the diverse economies in the region can unlock greater potential with more integrated digital economic cooperation.
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