UK and Singapore Start Digital Trade Agreement Negotiations

The United Kingdom and Singapore are looking to remove barriers to digital trade between the two nations through a new Digital Economy Agreement, the U.K.'s Department for International Trade said in a June 27 news release. Seventy percent of the U.K.'s services exports were digitally sent to Singapore in 2019, totaling about £3.2 billion, the release said. The DEA would allow for more seamless electronic transactions, e-signatures and e-contracts. Other focuses of the agreement's negotiations include data flows, data protection, consumer rights and cybersecurity.