Singapore, EU create framework for bilateral digital cooperation

It will include a cross-border digital economy and standards.

The EU-Singapore Digital Partnership (EUSDP) was signed to create a framework that will cover bilateral digital cooperation between the Lion City and EU.

In a statement, the Ministry of Trade and Industry said the EUSDP includes issues such as cross-border digital economy, digital trade facilitation, trusted data flows, digital payments, standards, AI, digital identities and 5G/6G.

Such partnership will also support the digital economy by providing upskilling opportunities for workers and digital transformation of businesses and public services.

As a first deliverable of the agreement, Minister-in-charge of Trade Relations S Iswaran inked the EUSingapore Digital Trade Principles with Executive Vice-President for an Economy that Works for the People and Trade Commissioner Valdis Dombrovskis.

This principle is the first step to create a legally binding digital trade deal between EU and SIngapore that will facilitate “cross-border data flows, enable cost savings through the use of electronic trade documentation and authentication, and ensure that consumers enjoy greater online consumer protection when purchasing goods and services online.”

The EU is Singapore's fourth largest trade partner, with bilateral trade in goods reaching $102b in 2021.

Follow the link for more news on

Ministry of Trade and Industry

S Iswaran

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia