Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Singapore’s Stance in Shaping Global Digital Trade

Getting your Trinity Audio player ready...

Singapore’s Minister for Trade and Industry, Gan Kim Yong, expressed enthusiastic support following the substantial conclusions reached during the final negotiating round of the WTO Joint Statement Initiative on Electronic Commerce (JSI) in Geneva.

The comprehensive agreement encompasses pivotal global digital trade rules, underscoring three main pillars: digital trade facilitation, an open digital environment, and the establishment of trust among businesses and consumers.

Minister Gan Kim Yong said, “Singapore welcomes the substantial conclusion of a set of meaningful rules in the JSI on E-Commerce. This is a significant milestone after five years of negotiations. These rules will bring important commercial value and impact for governments, businesses and consumers by helping participants integrate into the global digital economy, reap the benefits of digital trade, and foster interoperability and predictability.”

According to Minister Gan, this milestone serves as a crucial affirmation for Singapore, a staunch advocate of the rules-driven multilateral trade framework, signalling robustly the ongoing credibility of the WTO and its efficacy in crafting substantive regulations.

Initiated in 2019, this milestone represents a significant achievement for the JSI, particularly as the digital trade landscape continues to surge. In 2020 alone, digital trade accounted for 25% of total global trade, nearly hitting USD 5 trillion, and its rapid expansion promises substantial benefits for governments, enterprises, and consumers.

The negotiations focus on addressing critical issues such as Customs duties on electronic transmissions, Development, Electronic payments, ICT products using cryptography, and Telecommunications services. Looking forward to 2024, the JSI aims to resolve these outstanding matters alongside horizontal provisions and legal architecture concerns.

Minister Gan emphasised the pivotal role of these rules in integrating participants into the global digital economy, unlocking the potential of digital trade, and fostering predictability and interoperability. He underlined Singapore’s unwavering commitment to a rules-based multilateral trading system, citing the WTO’s enhanced credibility through the formulation of meaningful regulations.

Joined by other nations in endorsing this historic agreement, Minister Gan was echoed by officials from various countries. Australian Minister for Trade and Tourism, Don Farrell, highlighted the opportunity to establish robust digital trade foundations through this groundbreaking deal. Meanwhile, Japan’s Minister for Foreign Affairs, Kamikawa Yoko, emphasised the significance of these rules in facilitating digital trade and urged an early conclusion of negotiations.

The sentiments were shared by WTO Director-General Dr Ngozi Okonjo-Iweala, who lauded the initiative for designing global rules that promise stability, predictability, and reduced costs in the burgeoning realm of cross-border digital trade.

Reflecting the global consensus on the significance of digital trade, officials from China, Costa Rica, the European Union, The Gambia, Kazakhstan, Mauritius, the United Arab Emirates, the United Kingdom, and the United States all expressed support for the substantial progress made and highlighted the importance of inclusive and impactful digital trade regulations.

The collaborative efforts of the JSI co-convenors – Australia, Japan, and Singapore – were commended, reaffirming the commitment to an inclusive and commercially meaningful negotiation process. With 90 participants representing over 90% of global trade involved in the JSI, the co-convenors are dedicated to steering the negotiations toward a timely and conclusive agreement that will revolutionise the landscape of global digital trade.

Singapore is poised to lead the charge in the global digital economy, actively seeking collaboration to pioneer innovative pathways forward.

OpenGov Asia reported on the MERCOSUR-Singapore Free Trade Agreement (MCSFTA). This inaugural free trade deal with a Southeast Asian nation stands as a historic milestone fostering economic integration. The MCSFTA not only reduces tariff rates but also prioritises digitalisation, heralding a new phase of connectivity and innovative solutions. This emphasis on digital transformation positions the agreement as a driver for increased trade, promoting collaboration in digitalisation, entrepreneurship and sustainable development.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.