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The proposed digital agreement will allow Singapore and the EFTA to cooperate more fully in the digital domain, enable trusted data flows and facilitate a secure digital environment, said a joint statement from Singapore’s Ministry of Trade and Industry, Ministry of Communications and Information and the Infocomm Media Development Authority.
Source: Ministry of Trade and Industry Singapore
Singapore and four European states have started talks on a digital economy pact.
The four countries – Iceland, Liechtenstein, Norway and Switzerland – form a bloc known as the European Free Trade Association (EFTA), which signed a trade pact with Singapore in 2003 that eliminated tariffs for 99.8 per cent of exports to the group.
Singapore’s Minister-in-charge of Trade Relations S. Iswaran said on Thursday: “Singapore and the EFTA states are like-minded and digitally progressive partners.” He added that the Digital Economy Agreement will strengthen the economic relationship between Singapore and the EFTA and establish frameworks to promote more seamless cross-border digital trade, connectivity and data flows.