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South Korea and Singapore kicked off negotiations toward swiftly attaining a digital trade deal and making substantial progress at year's end.
Negotiations between South Korean Trade Minister Yoo Myung-hee and her Singaporean counterpart, Chan Chun Sing will initially be held via videoconference, with the first official talks is slated for mid-July.
A deal would help lower barriers to digital trade between the two nations, Yoo said.
A digital trade deal includes provisions for non-discriminatory treatment for electronic transactions, easing of barriers on cross-border data flow, and consumer protection.
If South Korea signs a deal with Singapore, it would be the first digital trade deal for Seoul.
