30 May 2024

On 3 May 2024, Singapore, Chile, and New Zealand (“founding members”) issued a joint press release welcoming the Republic of Korea to the Digital Economy Partnership Agreement (“DEPA” or “Agreement”) as its founding members. ROK is the DEPA’s first new member.

The DEPA, signed by the founding members in June 2020, commits parties to ambitious disciplines on digital trade to advance the growth of the digital economy and provides a platform for collaboration on projects of mutual interest. The accession of the ROK is testament to the Agreement’s open and inclusive nature. Expansion of the DEPA will add to the heft of the Agreement and provide greater opportunities for collaboration amongst Parties.

Reference materials

The joint press release is available on the Ministry of Trade and Industry website www.mti.gov.sg.