Report Summary
The digital trade agreement between the EU and Singapore establishes binding rules to govern digital commerce. It seeks to eliminate unjustified barriers, enhance legal certainty for businesses, and boost consumer confidence. Key provisions include free cross-border data flows, a permanent ban on customs duties for electronic transmissions, and protection against forced disclosure of source codes. The agreement upholds fundamental rights such as data privacy while promoting regulatory cooperation in cybersecurity and digital standards. Politically, it reinforces the EU’s strategic partnership with Singapore and its role in shaping global digital trade rules.
Jaak MADISON