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The ASEAN DEFA negotiations were launched in Sep 2023 by ASEAN Economic Ministers, and negotiations are targeted for conclusion by 2025. ASEAN has also signed on to digital rules under e-commerce Chapters of ASEAN-plus agreements.
The ASEAN Digital Economy Framework Agreement (DEFA) aims to accelerate ASEAN's transformation into a leading digital economy,that fosters greater digital cooperation and paving the way for regional digital integration and inclusive growth
Aug 19, 2023 · The DEFA negotiations are expected to be officially launched at the 23rd ASEAN Economic Community (AEC) Council meeting and to be officially acknowledged by the ASEAN Leaders at the 23rd ASEAN Summit in Jakarta, in September 2023.
Sep 17, 2021 · The regional Digital Economic Framework Agreement (DEFA) can build on Singapore’s experience and drive the region’s economic recovery, write Dr Xie Taojun, Mr Kevin Chen and Mr Quah Say Jye from the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy at NUS.
Sep 27, 2024 · Unveiling the ASEAN Digital Economy Framework Agreement (DEFA): An Overview of its Origins, Substance, and Legal Structure. As the pioneering binding regional treaty in the realm of the digital economy, the ASEAN Digital Economy Framework Agreement (DEFA) serves as a blueprint delineating extensive cooperative obligations among its ...
Sep 14, 2023 · The much-anticipated launch of the negotiations on the ASEAN Digital Economy Framework Agreement (DEFA) and the endorsement of the Framework for Negotiating DEFA was considered a significant achievement for Indonesia’s ASEAN chairmanship.
Dec 12, 2023 · Guided by the 2021 ASEAN Bandar Seri Begawan Roadmap, the ASEAN Digital Economy Framework Agreement (DEFA) — slated to be the first regional digital economy agreement in the world — is timely. Just like existing traditional free trade agreements and other digital economy agreements, DEFA will be legally binding.
The proposed ASEAN Digital Economy Framework Agreement (DEFA) will be the first agreement of its kind in the world. If successfully concluded, the DEFA has the potential to increase the value of the regional digital economy to US$2 trillion by 2030, equivalent to an additional US$1 trillion compared to a business-as-usual trajectory.
Digital Economy Framework Agreement (DEFA) –What is it? • The DEFA is touted as the world’s first major region- wide digital economy agreement. o A Digital Economy Agreement (DEA) is a treaty that establishes digital trade rules and digital economy collaborations between two or more economies. – Mni sitry of Trade and nI dustr y, Singapore.
