South Korea joins digital trade agreement founded by S’pore, New Zealand and Chile

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Depa establishes key rules on digital trade to help businesses, especially SMEs, engage in electronic commerce

Depa, which went into effect in January 2021, establishes key rules on digital trade and economic collaborations on issues such as digital identities, cross-border data flows and artificial intelligence to help businesses, especially smaller ones, engage in digital trade and electronic commerce.

South Korea’s accession follows the announcement of the substantial conclusion of discussions in June 2023 and the completion of legal procedures. Chile´s Undersecretary for International Economic Relations, Ms. Claudia Sanhueza, and NZ Trade Minister Todd McClay also welcomed South Korea.

 

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