Asean launches talks on $2.7 trillion digital economy pact to drive more seamless trade

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On Sept 3, 2023, the bloc launched negotiations on the Asean Digital Economy Framework Agreement (Defa), which will facilitate more seamless cross-border digital trade.

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Singapore’s Ministry of Trade and Industry (MTI) said that the framework will make it easier to do business within the region by improving rules in key areas such as digital trade facilitation and payments.

The launch of negotiations on the Asean Defa took place at the 23rd Asean Economic Community (AEC) Council Meeting, held in Jakarta. Singapore was represented by Minister for Trade and Industry Gan Kim Yong.

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