Digital Economy Partnership Agreement Text

Chancellor Teodoro Ribera said the agreement was a ”great milestone in times of uncertainty” as the Covid-19 pandemic accelerated the integration of digital services, solutions, tools and products and encouraged the global transition to a digital economy. A broader environment of trust – issues such as cybersecurity and digital identities; These negotiations are an opportunity for New Zealand to take a leadership role in this area and to create rules and best practices that take into account the needs and concerns of New Zealanders. New rules to support digital commerce can help increase the transparency and security of New Zealand businesses and consumers when buying and selling online and build confidence in the online digital environment. This will make it easier for businesses and consumers to take advantage of the opportunities offered by digital commerce. These modules are supposed to be building blocks. Countries could choose to join DEPA directly and expand the agreement with new members. Or governments could decide to register and use modules in whole or in part within different parameters. This means dividing them directly into other trade agreements or choosing to align domestic policy with DEPA. The dissemination of DEPA is essential: if non-members considering problematic rules for the digital economy could be encouraged to join, the agreement will be seen as a turning point for digital policy. Defining the ”digital economy” and ”digital commerce” The Infocomm Media Development Authority (IMDA) is leading Singapore`s digital transformation with infocomm media. For this project, IMDA will develop a dynamic digital economy and a cohesive digital society, powered by an extraordinary infocomm Media (ICM) ecosystem – through talent development, business capacity building and infrastructure improvements at ICM Insingapurs.

IMDA also regulates the telecommunications and media sectors to protect the interests of consumers while promoting a business-friendly environment, and improves Singapore`s data protection system by the Commission for the Protection of Personal Data. How does this fit with other digital works? This agreement is intended to complement the WTO negotiations on e-commerce and build on the work of the digital economy under way through APEC (external link), OECD (external link) and other international for a. Any agreement between Chile, New Zealand and Singapore will be ”open” to membership by other WTO members who are able to meet the high quality standards set out in the agreement. A public tendering process was held between May and July 2019. Six submissions were received under DEPA and one submission on e-commerce and digital at large. Read the submissions here. The agreement is managed by a number of committees (module 12) and includes a long list of exceptions, including digital taxation (13.5), as well as a wide range of supervisory bodies and exceptions for financial services. Members approved specific elements of transparency (module 14) that also recreate many provisions of the CPTPP. Finally, the agreement includes a dispute resolution mechanism (module 15).

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