Global trade shifts to digital economy

global trade shifts to digital economy

Sumary of Global trade shifts to digital economy:

  • IF something positive has come out of the pandemic, it may be the hastened transition to the digital economy.
  • But with quarantines still limiting movements, economic activities have been shifting to the digital sphere out of necessity and despite inadequate infrastructure.
  • Singapore, for example, has forged digital economy agreements (DEAs) with Australia, New Zealand and Chile.
  • Photo shows some non-essential establishments inside a mall in Fairview, Quezon City that are still closed.
  • PNA PHOTO/TMT FILE PHOTO The Philippines should follow that lead.
  • According to a Singaporean government website, “Digitalization and technological disruption, accelerated by the impact of the Covid-19 pandemic, have transformed consumer behaviors and business models considerably and created new opportunities.
  • ” It went on to say, “Secure and seamless cross-border data flows are essential to the growth of the digital economy and to ensure that consumers’ interests are safeguarded.
  • ” With the DEAs, Singapore hopes to harmonize its digital rules and standards with its treaty partners as well as facilitate interoperability among systems in the signatory countries.

Want to know more click here go to source.

From -


Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.