ASEANEWS E-Commerce | Indonesia-RI protectionism may stand in way of ASEAN digital economy pact

ASEAN 2023 logo appears in the conference room of the Hotel Padma, Semarang, Central Java, on Aug. 17, 2023.(TJP/Deni Ghifari)

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ASEAN countries are seeking to promote the digital economy framework agreement (DEFA), which will allow the region to greatly increase its digital economy potential, but Indonesia’s current protectionist policies may stand in the way of reaching that goal.

During the five-day meeting, which ended on Aug. 22 in Semarang, Central Java, ASEAN member states agreed that the DEFA will be made legally binding, emphasizing that each country must change their domestic policies according to the agreement.

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One aspect of the DEFA would regulate e-commerce and cross-border goods movements, as well as digital trade, cybersecurity, digital ID and digital payments, among others.

to Read Full Story- Click to read: https://www.thejakartapost.com/paper/2023/08/29/ri-protectionism-may-stand-in-way-of-asean-digital-economy-pact.html.

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Deni Ghifari
The Jakarta Post PREMIUM
Semarang
●   Tue, August 29 2023

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