SINGAPORE: Singapore is seeking to reinforce its role as a business centre and a digital hub globally and in the region, said Minister-in-charge of Trade Relations S Iswaran on Tuesday .
On Tuesday, Mr Iswaran and European Commissioner for Internal Market Thierry Breton signed the EU-Singapore Digital Partnership. These include digital trade facilitation, trusted data flows, electronic payments as well as standards and conformance, the press release read. “The sooner, the better, but we have to of course take dressing from the cadence of the European processes as well because they do have regulatory processes that they will have to follow through on,” he added.
The partnership will benefit businesses, especially small-to-medium-size enterprises, said Mr Iswaran, who is also Minister for Transport.If the agreement can facilitate trade documentation and data flows, the cost of moving goods across borders will go down, said Mr Iswaran.
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