Singapore and the European Union (EU) have agreed to accelerate steps towards a comprehensive and forward-looking Digital Partnership between the two parties. They reaffirmed their shared ambition to bring the robust and longstanding EU-Singapore relationship into the digital realm and expand bilateral digital cooperation and trade as like-minded partners.
The Digital Partnership is intended to provide an overarching framework to strengthen digital connectivity and interoperability of digital markets and policy frameworks and facilitate digital trade between the EU and Singapore. It aims to advance cooperation on the full spectrum of digital issues, including digital economy and trade, as well as key enablers for the successful digital transformation of our societies and economies. Issues that may be addressed include secure and sustainable digital infrastructure, trusted data flows and data innovation, digital regulations, the development of digital skills for workers, and the digital transformation of businesses, including small and medium enterprises (SMEs), and public services.
The partnership would expand the bilateral trade and investment relationship by enhancing cooperation, building more resilient supply chains, and supporting values-based innovation and facilitating business opportunities for start-ups and SMEs. In addition, the Digital Partnership will pave the way for cooperation in new and emerging areas with transformative economic potential – such as 5G/6G, Artificial Intelligence, or digital identities.
(Source: Ministry of Trade and Industry Singapore)