Asean launches talks on RM9.27 trillion digital economy pact to drive more seamless trade

Asean launched negotiations on the Asean Defa, which will facilitate more seamless cross-border digital trade, in Jakarta, on Aug 3. - Reuters

SINGAPORE/JAKARTA: Online trade across countries in South-East Asia is set to become faster and more convenient, as Asean starts work on a new framework that could unlock a potential US$2 trillion (S$2.7 trillion - RM9.27 trillion) in its digital economy by 2030.

The bloc on Sunday launched negotiations on the Asean Digital Economy Framework Agreement (Defa), which will facilitate more seamless cross-border digital trade.