February 17 2023

EFTA and Singapore Launch Negotiations for Digital Economy Agreement

Source: IBFD Tax Research Platform News

According to a press release of 16 February 2023, published by the EFTA, officials from the EFTA states (Iceland, Liechtenstein, Norway and Switzerland) and Singapore launched negotiations on a digital economy agreement (DEA) between them, during a meeting held virtually on the same date.

The DEA will create new opportunities for companies and individuals, provide a clear and secure framework that will foster trade in goods and services. The agreement will complement other international processes and initiatives including the ongoing negotiations in the context of the WTO Joint Statement Initiative on E-Commerce.