New agreement strengthens digital trade


Growing partnership: Sefcovic speaks to reporters after signing the pact in Singapore. The EU is Singapore’s second-largest foreign investor. — AFP

SINGAPORE: Singapore and the European Union (EU) have inked a digital trade agreement designed to provide greater clarity and legal certainty for consumers and businesses on both sides to transact online more seamlessly.

Minister-in-charge of Trade Relations Grace Fu and EU Commissioner for Trade and Economic Security Maros Sefcovic signed the European Union-Singapore Digital Trade Agreement (EUSDTA) at The Treasury in High Street on Wednesday.

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