The Australian Services Roundtable (ASR) and the Singapore Business Federation (SBF) have signed a joint statement of strong support for the bilateral negotiations between Australia and Singapore for a Digital Economy Agreement.
Both organisations further encourage a rapid conclusion to the negotiations in the expectation that the bilaterally agreed provisions on digital trade would constitute a benchmark template model for governance of digital trade not only across key trading partners in Southeast Asia but also across the broader Asia Pacific region.
This is of vital importance given the speed with which businesses in the region are adopting new digital technologies and the tremendous opportunities offered for growth in regional trade flows.
Globally, the timing of these negotiations is also significant, hopefully impacting positively the nature and speed of outcomes which can be achieved in the World Trade Organisation (WTO) negotiations underway in Geneva on trade-related aspects of Electronic Commerce (e-commerce).
Our Governments are working closely and cooperatively in leadership roles in the WTO negotiations, and both business communities stand ready to support this effort.
Read the whole statement from ASR and the SBF by clicking this link.