Singapore, European Union sign new trade agreement to boost ...

The key features of the EUSDTA and timeline MTI (Ministry of Trade and Industry Singapore) [SINGAPORE] Singapore and the European Union (EU) have signed a new agreement to facilitate end-to-end digital trade between both sides. When implemented, the European Union-Singapore Digital Trade Agreement (EUSDTA) will have rules for digital trade and cross-border data flows, such as the transfer of information internationally. The agreement was signed in Singapore on Wednesday (May 7) by Minister-in-charge of Trade Relations Grace Fu and EU Commissioner for Trade and Economic Security Maros Sefcovic. In a media release, Singapore's Ministry of Trade and Industry said the EUSDTA will "provide greater clarity and legal certainty" for individuals and businesses. It will also enhance EU-Singapore relations by strengthening bilateral economic connectivity. With this being the EU's first bilater...