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Asean ministers to start talks on regional digital economy agreement by 2025

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As Asean continues to grapple with Covid-19 cases and an uncertain recovery, its economic ministers have committed to conducting a study on a region-wide digital economy pact by 2023.

They also agreed to start negotiations on the Asean Digital Economy Framework Agreement by 2025.

A focus on digital transformation to enable the smooth flow of goods and services and data will help ensure the region continues to draw global trade and investments, and better position itself for future growth, Singapore’s Minister for Trade and Industry Gan Kim Yong said at meetings with his counterparts last week.

The road map highlights digital initiatives that are expected to boost the region’s competitiveness over the immediate and longer term.

These initiatives seek to build a foundation for an Asean digital economy that the ministers described as one “where the seamless and secure flow of goods, services and data is underpinned by enabling rules, regulations, infrastructure and talent”.

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