About the Roundtable
BACKGROUND
On 28 June 2021, the UK and Singapore launched negotiations on the UK-Singapore Digital Economy Agreement (UKSDEA).
The agreement will seek to facilitate digital trade and make it easier to do business digitally between Singapore and the UK by:
- Establishing forward-looking rules to enable trusted cross-border data flows, prohibit data localisation, and ensure high standards in data protection;
- Aligning digital standards and facilitating interoperable digital systems;
- Exploring the use of emerging and innovative technologies such as Artificial Intelligence (AI);
- Strengthening cybersecurity cooperation to promote trust and confidence in a secure and resilient digital economy
In addition, the UKSDEA will explore potential cooperation on innovative financial services, given the synergies between the UK and Singapore as financial hubs. As the first DEA between an Asian and a European country, the agreement will also serve to enhance region-to-region connectivity and enable businesses to leverage Singapore and the UK as digital gateways to access new opportunities in our respective regions.
The ongoing negotiations on the UKSDEA is part of Singapore's larger network of Digital Economy Agreements (DEA), which includes two DEAs that are already in force -- the Digital Economy Partnership Agreement (DEPA) with Chile and New Zealand; and the Singapore-Australia Digital Economy Agreement (SADEA).
MTI, MCI and IMDA are continually seeking to improve Singapore's DEAs and ensure that these agreements would provide concrete benefits for businesses. For the upcoming UKSDEA, MTI, MCI and IMDA, in partnership with the British Chamber of Commerce in Singapore would like to invite UK companies to join us for a roundtable to better understand your needs and how we can better support companies operating digitally between Singapore and the UK. This will be an open conversation on the challenges, a discussion on addressing these within the agreement, and how businesses plan to utilise the opportunities created. The roundtable will be conducted under Chatham House rules, and will not be recorded.
AGENDA
- 3-3.15pm: Presentation
- 3.15-4.30pm: Roundtable Discussion
Prior to the event, attendees will be advised whether they will be active participants in the discussion or observers. Please ensure only one representative for your company is registered to attend, to ensure the maximum representation from our member network.
If you are unable to join, please provide your feedback in the MTI survey here.
