The European Union (EU) has signed its first-ever digital trade agreement with Singapore.
Both the EU and Singapore aim to set “a high standard for digital trade rules … and raise the ambition of digital trade rules globally,” according to a European Commission statement.
The agreement aims to build on growing trade between the two blocs and follows a free trade agreement signed in 2019. In 2022 more than half of total bilateral trade in services was digitally delivered.
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