The European Union and Singapore concluded their negotiations on a digital trade agreement in Belgium’s capital Brussels on July 25.
The EU-Singapore Digital Trade Agreement (EUSDTA) will provide clarity and legal certainty for companies and consumers on the rules for digital trade between Singapore and the EU, and strengthen digital connectivity and interoperability between the two markets, the Ministry of Trade and Industry (MTI) said in a statement.
Talks to secure a digital pact with the EU, which is one of Singapore’s top trading partners for both goods and services, began in July 2023.
Digital trade refers to commerce enabled by electronic means, using devices such as mobile phones and computers, and covers trade in both goods and services across all sectors of the economy.
A joint statement on the conclusion of negotiations said the EU and Singapore will now proceed with their domestic approval processes to work towards the formal signing and conclusion of the agreement.
No date was announced for when the deal will come into force.
This story is from the July 26, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 26, 2024 edition of The Straits Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
M2M to reunite for Singapore concert
It has been 22 years since they went away, but Norwegian pop duo M2M are back and coming to Singapore.
Industry sources say the author also wrote BTS memoir
Hybe's document on K-pop industry trends
Paddington Bear's 'high jinks' are back in third movie
LONDON - Paddington is back and he has lost none of his \"charm\" and \"high jinks\", according to English actor Hugh Bonneville, who again guides the trouble-prone bear through the third film in the hit series that saw its premiere on Nov 3.
Quincy Jones left indelible imprints on jazz, pop and hip-hop
LOS ANGELES - Quincy Jones, a major influence on American music in his work with artists ranging from Count Basie to Frank Sinatra and who then reshaped pop music by collaborating with Michael Jackson, died on Nov 3 at the age of 91.
Young Chinese pianist brings wealth of emotion
There are so many young Chinese pianists plying their art these days that it is easy to reduce them to Lang Lang, Yuja Wang, Li Yundi and the rest.
White faces, open mouths
Avant-garde Japanese dance butoh finds foothold in Singapore
Seeking sleep at Hoshinoya Tokyo
TOKYO In December 2023, I check into Hoshinoya Tokyo for a sleep retreat.
Explore the bustling Ginza and Marunouchi districts in Tokyo
Ginza, located near Tokyo Station, is one of the city's busiest high-end shopping districts.
Pastoral and scenic views at JW Marriott Jeju Resort & Spa
JEJU - The island bursts with juicy tangerines, and is where women well into their 80s free dive for seafood against a backdrop of dormant volcanoes and tea estates.
Connecting with the city's past at The Murray Hong Kong
Although brand-new hotels pop up all the time, restored heritage buildings-turned-hotels have an allure of their own.
