Singapore, EU sign partnership to strengthen bilateral digital trade – The Business Times

February 2, 2023

Paige Lim

1 February 2023

SINGAPORE and the European Union (EU) have signed a digital partnership that will strengthen connectivity and interoperability between both digital markets, enabling people and businesses to transact digitally more seamlessly and at lower costs.

The EU-Singapore Digital Partnership (EUSDP) was signed by Singapore’s Minister-in-charge of Trade Relations S Iswaran and European Commissioner for Internal Market Thierry Breton in Brussels on Wednesday (Feb 1).

The EUSDP will serve as an overarching framework for all areas of bilateral digital cooperation between the EU and Singapore. These include areas in the cross-border digital economy such as digital trade facilitation, trusted data flows, electronic payments, as well as standards and conformance. It will also pave the way for cooperation in new and emerging areas such as artificial intelligence (AI), digital identities, and 5G/6G.

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