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Singapore, UK launch talks for digital economy deal

Share The digital economy agreement will be the first between an Asian and a European country. THE STRAITS TIMES Singapore, UK launch talks for digital economy deal Mon, 28 June 2021 Businesses and consumers can look forward to a UK-Singapore Digital Economy Agreement that will establish rules to enable trusted cross-border data flows and ensure high standards in data protection. The launch of negotiations between the UK and Singapore was announced in a joint statement by the Singaporean ministries of Trade and Industry; and Communications and Information, and Infocomm Media Development Authority. A videoconference between Singaporean Minister-in-charge of Trade Relations S Iswaran and British Secretary of State for International Trade Elizabeth Truss was scheduled for June 28.

Singapore and UK start negotiation talks on a digital economy

Singapore and UK start negotiation talks on a digital economy Details   Singapore and the United Kingdom have negotiation talks on a digital economy agreement, UK-Singapore Digital Economy Agreement (UKSDEA). According to a statement by the Ministry of Trade and Industry, Ministry of Communications and Information and the Infocomm Media Development Authority, the new partnership will look to facilitate digital trade and open up new opportunities do enable business digitally between Singapore and the UK. This will include establishing “forward-looking rules” to enable trusted cross-border data flows, prohibit data localisation, and ensure high standards in data protection. With the thriving innovation ecosystems in the UK and Singapore, the partnership will also explore the use of emerging and innovative technologies such as Artificial Intelligence (AI).

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