Australia-Singapore Digital Economy Cooperation on Standards Research Report

Australia-Singapore Digital Economy Cooperation on Standards Research Report

As part of the Australia-Singapore Digital Economy Agreement, a Digital Trade Standards research report was undertaken to support the harmonisation of key standards to support digital trade.

This study recommends ten areas of mutual benefit where Australia and Singapore can work on specific projects and programmes and align on international standards: artificial intelligence, distributed ledger technology, smart cities, digital identities, e-payments, e-invoicing, Internet of Things, data protection and privacy, cross-border data and data portability.

Publication summary

The digital economies of Australia and Singapore have been growing rapidly as both countries increasingly adopt digital technologies to expand various industry sectors. The two countries already enjoy a strong trading relationship but, as this report highlights, there is significant scope to further increase and accelerate overall trade between the two economies through harnessing their national digitalisation efforts. Greater use of new and emerging technologies is not only creating trade opportunities in digital goods and services, it is also increasing the trade in physical goods and services that can be delivered digitally or otherwise enhanced through digital enablers.

As such in this report, we define digital trade to be more than just e-commerce, encompassing the digitalisation of all aspects of trade including:

  • digital goods and services
  • digital delivery of tangible goods and services
  • digital enablers of trade, and
  • emerging technologies that have the potential to significantly transform trade in terms of speed, scale, and scope

Download the Australia-Singapore Digital Economy Cooperation on Standards Research Report here

Download the Australia-Singapore Digital Economy Cooperation on Standards presentation here

For more info on the Australia-Singapore Digital Economy Agreement see:

Image from EDB

Related Articles

Access Alert: The wider impact of Australia’s social media ban for under-16s

Access Alert: The wider impact of Australia’s social media ban for under-16s

Australia’s states and territories have unanimously backed a national plan to ban children under sixteen from most forms of social...

18 Nov 2024 Opinion
Economic Impact Report: Driving digital growth in Vietnam with Google

Economic Impact Report: Driving digital growth in Vietnam with Google

Vietnam’s economic development journey has been impressive. From one of the world’s lowest-income countries, Vietnam has risen to become a...

14 Nov 2024 General
Transforming Trade: The E-commerce Revolution in ASEAN

Transforming Trade: The E-commerce Revolution in ASEAN

Global cross-border e-commerce is growing, fuelled by digitalisation and rising consumer demand. Global B2C e-commerce sales have more than doubled...

13 Nov 2024 Reports
2024 CCAPAC Report: AI and Cybersecurity

2024 CCAPAC Report: AI and Cybersecurity

As Artificial Intelligence (AI) becomes increasingly integrated into various sectors across the Asia-Pacific region, cybersecurity risks are growing in complexity....

18 Oct 2024 Reports