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Singapore, UK Sign MoUs in Digital Trade Facilitation, Digital Identities and Cybersecurity

Singapore and the United Kingdom will work more closely to facilitate digital trade between the countries by signing three Memorandums of Understanding (MOUs) in the areas of Digital Trade Facilitation, Digital Identities and Cybersecurity. The partnership will make digital transactions by businesses easier, safer and cheaper.

Singapore has been working with like-minded countries to advance a global digital architecture that is open, inclusive, interoperable and secure. In this regard, I am pleased to sign these MOUs with a digitally-progressive partner like the United Kingdom, to further strengthen the links between Singapore and the UK in digital trade facilitation, digital identities and cybersecurity. Such partnerships enable businesses in both countries to seize opportunities in the growing digital economy as we seek to recover from the pandemic.

– Josephine Teo, Minister for Communications and Information and Minister-in-charge of Smart Nation and Cybersecurity

These MoUs will further support opportunities to grow digital delivery of cross-border services between the UK and Singapore, provide a basis for working closely with like-minded digital partners, and help set a global benchmark on high-standards digital cooperation to bring economic and societal benefits to both countries.

The MoUs will also support the shared goals and key tenets of the UK-Singapore Digital Economy Agreement, which seeks to promote trusted, robust and connected digital markets for people and businesses. The agreement will establish rules to enable trusted cross-border data flows and ensure high standards in data protection.

These partnerships in the areas of Digital Trade Facilitation, Digital Identities and Cyber Security between Singapore and the UK will strengthen the digital connectivity between our countries and will support the shared goals and key tenets of the UK-Singapore Digital Economy Agreement (DEA), where negotiations are ongoing and targeted for conclusion in the near-term.

Under the Digital Trade Facilitation MoU, the countries will share knowledge and implementation of pilot projects in areas such as electronic trade documents and invoicing. This will help drive the development and adoption of digital trade facilitation solutions at a bilateral and international level.

Benefits to the digitalisation of trade include improving accessibility for small and medium-sized enterprises to engage in cross-border trade, among other things. The sharing of best practices will also influence the creation of secure global supply chains and interoperable digital ecosystems

Under the Digital Identities Cooperation MoU, Singapore and the UK will work more closely to develop mutual recognition of digital identities between the countries. The MOU is an important step in the route to achieve interoperability of digital identity regimes between different jurisdictions, which can allow for more reliable identity verification and faster processing of applications, among other things.

The Cybersecurity MoU acknowledges the shared vision between the UK and Singapore in maintaining the economic and social benefits of open, peaceful and secure cyberspace. The two countries also acknowledge their common interest in addressing the international challenges and promoting bilateral collaborations to strengthen cyber security.

The MOU will build on strong existing cyber cooperation between the UK and Singapore in seeking opportunities for collaboration in areas such as the Internet of Things (IoT) security, promoting cyber resilience and capacity building. As cyber security underpins the digital economy by promoting secure digital trade, the MOU will also build on existing workstreams between the UK and Singapore to build secure and resilient cyberspace for businesses and consumers.

Singapore and the UK have been collaborating in many fields, including the digital economy. As reported by OpenGov Asia,  Singapore and the UK will officially launch negotiations concerning the UK-Singapore Digital Economy Agreement, which will include establishing rules to enable trusted cross-border data flows and ensure high standards in data protection. The partnership will benefit consumers and businesses from both countries.

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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