Singapore and Australia sign Digital Economy Agreement
The Ministry for Trade and Industry, Singapore, and the Ministry for Trade, Tourism and Investment, Australia have signed the Singapore-Australia Digital Economy Agreement (SADEA) for facilitating the digitalisation of trade processes and easing cross-border business activities between Singapore and Australia during the COVID-19 pandemic. SADEA is expected to facilitate trusted cross-border data flows without the requirement of data localisation, while protecting consumers’ privacy and businesses’ proprietary information.
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