Singapore and EU sign digital trade pact, deepening cooperation amid global uncertainties

Angela Tan

May 7, 2025

SINGAPORE – Singapore and the European Union on May 7 inked a digital trade agreement designed to provide greater clarity and legal certainty for consumers and businesses on both sides to transact online more seamlessly.

Minister-in-charge of Trade Relations Grace Fu and EU Commissioner for Trade and Economic Security Maros Sefcovic signed the European Union-Singapore Digital Trade Agreement (EUSDTA) at The Treasury in High Street.

The agreement supplements the EU-Singapore Free Trade Agreement (EUSFTA) that entered into force in 2019. . .

Ms Nele Cornelis, executive director at EuroCham Singapore, which represents European businesses here, sees the partnership as “a catalyst for stronger government-to-business collaboration, regulatory alignment, and SME digital inclusion”.

“It enables businesses to trade more efficiently, scale globally with confidence, and operate within a secure and forward-looking digital environment,” she said.

Read the full article here: https://www.straitstimes.com/business/singapore-and-eu-sign-digital-trade-pact-deepening-cooperation-amid-global-uncertainties