Today, we signed the Digital Trade Agreement between the EU and Singapore. This important step shows our commitment to strengthen economic ties and deepen digital cooperation. In these uncertain times, the EU and Singapore uphold a rules-based trading order.
The Agreement highlights digital trade as a key economic driver, building on the 2019 EU-Singapore Free Trade Agreement. It aims to boost digital connectivity and facilitate digital trade between the EU and Singapore, fostering consumer trust and ensuring secure data flows. This provides predictability and legal certainty for businesses, especially small and medium enterprises.
The Agreement supports a secure and inclusive digital economy, aiding the digital transformation of our societies while allowing policy flexibility to address new challenges.
Following todays signing, the EU and Singapore will complete domestic procedures for swift ratification, enabling consumers and businesses to benefit from the Agreement.