May 7, 2025 (press release) –
Today, we have signed the Digital Trade Agreement between the EU and Singapore. This milestone reflects the clear commitment on both sides to strengthen our longstanding bilateral economic relations and marks a significant step in deepening our cooperation in the digital domain. In these uncertain times, the EU and Singapore are like-minded partners in upholding a rules-based trading order.
The Agreement underscores the growing importance of digital trade as a key driver of economic growth. Building on the EU-Singapore Free Trade Agreement signed in 2019, the Agreement aims to enhance digital connectivity and facilitate end-to-end digital trade between the EU and Singapore. When implemented, the Agreement will build consumer trust, ensure trusted data flows, and provide greater predictability and legal certainty for businesses, notably for small, medium-size and micro enterprises.
The Agreement reaffirms our shared commitment to foster a secure and inclusive digital economy, and to support the digital transformation of our societies. At the same time, the Agreement ensures that both the EU and Singapore preserve the necessary policy space to respond to emerging challenges.
With today's signing, the EU and Singapore will now proceed with our respective domestic procedures for the swift ratification and entry into force of the Agreement, so that our consumers and businesses can begin to benefit from its provisions.
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