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

AI in Africa: Unlocking Potential, Igniting Progress

AI in Africa: Unlocking Potential, Igniting Progress

As we stand at the threshold of the generative AI revolution, it will be critical to take early steps to...

21 Sep 2023 Reports
Google Korea 2023 Economic Impact Report

Google Korea 2023 Economic Impact Report

Driving force to South Korea’s economic growth and global success: Google’s contribution to digital innovation and role as K-content export...

21 Sep 2023 Reports
Local sellers, Global consumers 2022: Capturing the e-commerce export opportunity in Thailand

Local sellers, Global consumers 2022: Capturing the e-commerce export opportunity in Thailand

Thailand’s Micro, Small, and Medium Enterprises (MSMEs) are strategically positioned to capitalise on the rapid surge in e-commerce activities stemming...

20 Sep 2023 Reports
Google’s Economic Impact in Brazil

Google’s Economic Impact in Brazil

Brazil’s digital economy has demonstrated resilience over the past few years, with the country showcasing the ability to bounce back...

19 Sep 2023 Reports