The DEAs promote the adoption of ethical AI governance frameworks, which set out principles to harness AI responsibly and build trust in AI systems across borders. Singapore organisations will find it easier to adopt and use AI technologies responsibly across jurisdictions, and to align their governance practices with common frameworks.

Found in: DEPA, SADEA, UKSDEA, KSDPA

To find out more about Singapore’s Model AI Governance Framework and how companies have implemented or aligned their AI practices, please click here.

Cross-border data flows support e-commerce and other digitally-enabled activities, such as data analytics and AI. Under the DEAs, parties agree to allow data to flow freely across borders and prohibit the localisation of data except for legitimate purposes such as personal data protection. This facilitates a conducive environment where businesses can:

• Serve customers regardless of where they are located;
• Develop new products and services from data-driven innovation across borders; and
• Choose where they store their data.

Found in: DEPA, SADEA, UKSDEA, KSDPA

As businesses carry out electronic transactions across borders, personal data may be transferred as part of these transactions. Businesses would then have to navigate different jurisdictions’ policies and legislations on the handling and transfer of personal data across borders.

Through DEAs, Singapore will develop mechanisms with partners to promote compatibility and interoperability in legal approaches to cross border data flows, including safeguards for such data. An example is the mutual recognition of data protection and privacy certification frameworks and national trustmarks.

To find out more about the Data Protection Trustmark Certification, please click here.
To find out more about APEC Cross Border Privacy Rules (CBPR) System, please click here.

Found in: DEPA, SADEA, UKSDEA, KSDPA, WTO JSI on E-Commerce

With DEAs, companies can receive support to develop new products and services through data-driven innovation across borders. For instance, the establishment of data regulatory sandboxes can create safe environments for innovation, and resources such as the Trusted Data Sharing Framework can help organisations collaborate across borders and share data.

Interested companies can approach IMDA on how they can participate. For more details, please click here.

Found in: DEPA, SADEA, UKSDEA, KSDPA

Digital identities such as Singapore’s CorpPass provide data from government-verified sources to form a digital user profile. The use of digital identities can significantly streamline business processes, including company registrations, opening of corporate bank accounts, Know-Your-Client (KYC) checks and invoicing. Through the DEAs, Singapore will work with partners to facilitate initiatives that promote compatibility between different digital identity regimes.

Found in: DEPA, SADEA, UKSDEA, KSDPA

E-invoicing is the automated creation, exchange and processing of requests for payment between suppliers and buyers using a structured digital format. The DEAs enable interoperability of e-invoicing systems between countries, allowing an e-invoice generated in Singapore to be accepted directly by another country’s e-invoice system. Businesses can enjoy shorter invoice processing time and potentially faster payment, leading to significant cost savings from not having to generate and track physical invoices.

Through the Nationwide E-Invoicing Network, companies can transact with their overseas partners seamlessly by adopting e-invoicing solutions that use the Peppol e-invoicing framework. In addition, SMEs can seek grant support to come on board through the SMEs Go Digital programme.

To find out more about the Nationwide E-Invoicing Network, please click here.

To find out more about SMEs Go Digital Programme, please click here

Found in: DEPA, SADEA, UKSDEA, KSDPA, WTO JSI on E-Commerce

Cross-border electronic payments are a critical component of the online services ecosystem that allows businesses to enjoy faster payments, reduced transaction costs and enhanced trade. The DEAs support this by enabling interoperability of payment systems and promote acceptance of e-payment solutions by non-bank players.

Found in: DEPA, SADEA, UKSDEA, KSDPA, WTO JSI on E-Commerce

The DEAs explore ways to expand access to open government data to generate new opportunities for businesses. For example, businesses and governments can work together to identify sectors where open data sets can be used to facilitate business innovation.

Found in: DEPA, SADEA, UKSDEA, KSDPA, WTO JSI on E-Commerce

The Paperless Trading provisions in our DEAs seek to enhance the digitisation of information related to goods and services trade, with the aim of increasing efficiency, lowering costs and increasing data accuracy and authenticity. This may involve:

• Building seamless, trusted and secure connections between Parties’ Single Window systems;
• Enabling the use of electronic trade documents for customs clearances (e.g. e-Certificate of Origin, e-SPS certification, etc.); and
• Collaborating on promoting and developing data exchange systems, such as TradeTrust, which is a blockchain-powered framework developed by IMDA that enables governments and businesses to issue tamper-proof digital records, verify authenticity and provenance of documents, and effect title transfer across different digital platforms.

Found in: DEPA, SADEA, UKSDEA, KSDPA, WTO JSI on E-Commerce