Digital economy pacts pave way for Singapore to keep pace with trends on global stage, spur job creation

Another benefit comes in the form of hiring more people to support expansion as more Singapore companies tap business opportunities.
Another benefit comes in the form of hiring more people to support expansion as more Singapore companies tap business opportunities.PHOTO: ST FILE

SINGAPORE - Amid a drive for digitalisation that is already changing cities and economies, Singapore initiated discussions with like-minded trade partners to develop basic rules for digital trade and a framework for collaboration in the digital era.

Formal negotiations culminated this year in two pacts - the Digital Economy Partnership Agreements (Depa) with New Zealand and Chile, and the Singapore-Australia Digital Economy Agreement (Sadea).

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