Title
Korea-Singapore Digital Partnership Agreement (KSDPA)
Dates of the instrument
Date of adoption/publication: --
Summary
The KSDPA creates a comprehensive framework for digital economy cooperation between Korea and Singapore. The agreement sets forward-looking digital trade rules and standards to ensure interoperability between digital systems, enabling seamless cross-border data flows and creating a secure digital environment for businesses and consumers. The agreement's architecture promotes regulatory alignment and technological integration, fostering a robust digital partnership between the two nations. It focuses on three key areas:
- Supporting digital innovation through new economic activities and emerging technologies
- Expanding bilateral cooperation in the digital economy through transparent regulatory benchmarks
- Strengthening business and research partnerships while building on both countries' roles in multilateral and regional digital trade forums.
Key paperless trade provisions include:
- Cross-border data flow facilitation
- Digital documentation and authentication standards
- Paperless trading implementation frameworks
- Digital identity recognition
- Electronic invoicing standards
- Digital customs procedures
- Electronic certification and verification
- Cybersecurity cooperation measures
- Digital trade facilitation mechanisms
Website(s)
Relevant document(s)
Geographical coverage
Republic of Korea, Singapore
Legal nature
Digital Economy Agreements
Trade processes
Commercial Processes
Border and Regulatory Processes
Trade documents
Commercial Invoice (INV)
Preferential Certificate of Origin (PCoO)
Customs Declaration (CD)
Phytosanitary certificate (ePhyto)
Contact point
Ministry of Trade, Industry and Energy Korea
motiefmso@gmail.com