Digital Economy Agreements: The New Phase in Economic Alliances

... (DEA) (approved in August 2020). The deal envisages provisions with respect to data protection, paperless customs procedures, e-invoicing and targets lower costs in e-commerce. The bilateral agreement in effect upgrades the Singapore-Australia FTA (SAFTA) via a new digital economy chapter and is to serve as a benchmark for other digital trade agreements. At the end of 2020 digital trade facilitation received a major boost from the creation of the Regional Comprehensive Economic Partnership (RCEP), which is currently the ...