RoK, Singapore aim to strike digital trade deal this year
The Republic of Korea (RoK) and Singapore agreed on November 8 to conclude their digital trade pact this year in a move to deepen broader trade and economic ties, according to the RoK's trade ministry.
Hanoi (VNA) – The Republic of Korea (RoK) and Singapore agreed on November 8 to conclude their digital trade pact this year in a move to deepen broader trade and economic ties, according to the RoK's trade ministry.
The agreement was made during the meeting between the RoK's Trade Minister Yeo Han-koo and Singaporean Second Minister for Trade and Industry Tan See Leng held in Seoul.
The two sides agreed to speed up working-level negotiations to conclude the Digital Partnership Agreement (DPA) within this year, as their talks, which began in July last year, are in the final stage, the ministry said in a release
Singapore is the RoK's 12th-largest trading partner and has a similar digitisation level, according to the ministry. The digital pact is to set up rules for digital transactions, facilitate trade in the digital realm, and to better protect consumers throughout online trade. If concluded, it will be the first trade agreement of its kind for the RoK, it said.
𒁃 During the talks, the two ministers also discussed ways to strengthen cooperation in hydrogen and new renewable energy sectors to better respond to climate change and achieve a zero-emission economy, it added./.
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The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
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At the event. (Photo: YONHAP/VNA) 
