Singapore and Australia sign digital economy pact to boost cross-border business activities

SINGAPORE - Singapore and Australia have signed an agreement which will open up economic opportunities for both countries.

The Singapore-Australia Digital Economy Agreement builds on Singapore and Australia's strong bilateral trade and investment flows to enhance economic opportunities in the digital realm, said the joint statement issued by the Ministry of Trade and Industry, the Ministry of Communications and Information, and the Infocomm Media Development Authority .

His Australian counterpart, Mr Birmingham, said that the agreement would help expand the scope of Australia's economic engagement with Singapore, which is its largest two-way trading partner in South-east Asia. Singapore, along with Australia and Japan, is a co-convener of the Joint Statement Initiative on E-Commerce at the WTO.

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