DEPA forms group for Peru membership

It will be chaired by the Republic of Korea.

The Digital Economy Partnership Agreement (DEPA) Joint Committee created an Accession Working Group (AWG) to facilitate the accession process for Peru, following the country’s application to join last year.

The AWG, which the Republic of Korea will chair, will examine Peru’s accession request. It will deliberate on Peru's ability to comply with the standards and commitments of DEPA.

The working group will comprise government representatives from each DEPA Party.

“Working with Peru on its DEPA application will further deepen the economic ties between Singapore and Peru and complement our strong partnership and collaboration through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Pacific Alliance-Singapore Free Trade Agreement,” Grace Fu, minister-in-charge of Trade Relations, said.

As of November 2024, six other economies have applied to join DEPA including China, Canada, Costa Rica, the United Arab Emirates, El Salvador, and Ukraine.

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