The digital economy agreement will be the first between an Asian and a European country.PHOTO: ST FILE
SINGAPORE – Businesses and consumers can look forward to a UK-Singapore Digital Economy Agreement that will establish rules to enable trusted cross-border data flows and ensure high standards in data protection.
The launch of negotiations between the Republic and the United Kingdom was announced in a joint statement by the Ministry of Trade and Industry, Ministry of Communications and Information, and Infocomm Media Development Authority.
On Monday (June 28) there will be a videoconference between Minister-in-charge of Trade Relations S. Iswaran and British Secretary of State for International Trade Elizabeth Truss.
Mr Iswaran, who is also Transport Minister, said in a statement that the digital economy is a bright spot that has remained resilient despite the challenges of the Covid-19 pandemic.