EU- Singapore launch digital partnership

The European Union (EU) and Singapore on February 1 signed in Brussels the EU-Singapore Digital Partnership (EUSDP) that will lead to a digital trade agreement to enable consumers and businesses to transact online more seamlessly and at lower costs.

Thursday, February 02, 2023 09:49

EU- Singapore launch digital partnership ảnh 1

Singaporean Minister-in-charge of Trade Relations S Iswaran and European Commissioner for Internal Market Thierry Breton sign the EU-Singapore Digital Partnership on February 1, 2023. (Photo: channelnewsasia)

Brussels (VNA) – TheEuropean Union (EU) and Singapore on February 1 signed in Brussels the EU-Singapore Digital Partnership (EUSDP) that will lead to a digital trade agreement to enableconsumers and businesses to transact online more seamlessly and at lower costs.

The pact aims to boost participation in thedigital economy by imparting relevant skills to workers in both jurisdictionsand transforming their businesses and public services.

Other areas of collaborationinclude digital trade facilitation, trusted data flows, electronic payments andstandards. The deal will also focus on emerging areas such as artificialintelligence, digital identities, and 5G/6G communication networks.

Signatories were Singapore’sMinister-in-charge of Trade Relations S. Iswaran and Thierry Breton,European Commissioner for the Internal Market.

The EU is Singapore’s second-largest digital partner for tradingservices and fourth-largest for trading goods. Singapore is also the EU’s largesttrading partner in ASEAN. There are about 12,000 EU businesses in Singapore./.

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