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Singapore, EU Sign Digital Partnership Agreement

Singapore’s Minister-in-charge of Trade Relations, S Iswaran, and the European Commissioner for Internal Market, Thierry Breton, signed the EU-Singapore Digital Partnership (EUSDP), a comprehensive framework for all areas of bilateral digital cooperation between the EU and Singapore.

The partnership covers various aspects of the cross-border digital economy, including digital trade facilitation, secure data transfers, electronic payments, and standards and compliance. It also addresses cutting-edge areas like artificial intelligence (AI), digital identities, and 5G/6G. The partnership aims to enhance broader participation in the digital economy by collaborating on digital skills training for employees and the digitisation of businesses and public services.

The EU-Singapore Digital Trade Principles, the first outcome of the EU-Singapore Digital Partnership, were signed by Iswaran, as stated in a press release. This marks the beginning of a legally binding digital trade agreement between the two sides. The principles facilitate cross-border data transfers, reduce costs through electronic trade documentation and authentication, and enhance online consumer protection for people buying goods and services online.

Minister Iswaran and Commissioner Breton agreed to exchange best practices and/or develop projects in AI governance and standards and digital identities. The two sides will facilitate cross-border digital transactions and support SMEs’ digital transformation and digital skills. They also said they anticipate more joint projects between Singapore and the EU, including the EU Member States, in partnership with the private sector.

Iswaran stated that the EU-Singapore Digital Partnership strengthens connectivity and interoperability between the digital markets of the EU and Singapore. It will enable Singapore citizens and businesses to transact digitally more seamlessly and at lower costs. As a first deliverable, the officials launched a set of Digital Trade Principles, marking the first step towards a bilateral digital trade agreement that provides legal certainty for cross-border digital trade.

Digital infrastructure, such as data centres and submarine telecom cables, plays a crucial role in enabling cross-border connectivity between countries and regions. To create a secure, resilient, and sustainable digital environment for individuals and businesses, both sides will work together to promote digital infrastructure.

Furthermore, to support trusted cross-border data flows and data sharing, Singapore and the EU will work on the application of model data protection contracts and provide guidance for their use. They will also exchange information on the infrastructure and governance frameworks needed to facilitate data sharing.

The two sides will also cooperate on information sharing in platform governance and regulation. To drive the development and uptake of 5G and beyond 5G technologies, they will research use cases and possible areas of collaboration on R&D pilots. To support the deployment of AI, Singapore and the EU will encourage interoperability on AI governance, standards, and testing frameworks. Both sides will also explore cooperation on AI testbeds and research collaboration on AI.

Singapore and the EU have a strong economic partnership, built on the EU-Singapore Free Trade Agreement (EUSFTA), which came into effect in November 2019. The EU is Singapore’s fourth largest goods trading partner globally, with bilateral trade in goods totalling SG$ 102 billion (US$ 78.1 billion) in 2021, which accounted for 8.8% of Singapore’s total goods trade. The EU is also Singapore’s second-largest services trade partner globally, with bilateral trade in services exceeding SG$ 67 billion (US$ 51.3 billion). Investment relations are strong, with the EU being Singapore’s second-largest foreign investor and largest overseas investment destination.

PARTNER

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.

PARTNER

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.

PARTNER

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 www.planview.com.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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.

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