The SADEA with Australia enables both countries to create a seamless digital trading environment which is crucial for businesses during the COVID-19 pandemic. The agreement will also facilitate trusted cross-border data flows without unnecessary and costly requirements such as data localisation while protecting consumers’ privacy and businesses’ proprietary information.
Minister for Trade and Industry Chan Chun Sing and Australia’s Minister for Trade, Tourism and Investment Simon Birmingham has signed the Singapore-Australia Digital Economy Agreement (SADEA) electronically via a videoconference on August 6.
This is the second digital economy agreement that Singapore has signed, following the signing of the agreement with Chile and New Zealand in June.
