News Summary

• ASEAN Digital Economy Framework Agreement is targeted to be signed at the 47th ASEAN Summit later this year.
• The agreement will make it easier for businesses to tap opportunities in Southeast Asia’s expanding digital economy.
• It also covers emerging areas such as artificial intelligence, financial technology and source code protection.
• The ministry said that the agreement will support quality jobs and equip Singapore and ASEan for the next phase of economic development as businesses increasingly adopt digital technologies and expand across borders.
• "Singapore played an active role in delivering a high-quality and commercially meaningful agreement," said MTI.