Digital Trade Agreement
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ASEAN set to sign landmark regional digital economy framework agreement in November 2026
ASEAN set to sign landmark regional digital economy framework agreement in November 2026 The ASEAN Digital Economy Framework Agreement is targeted to be signed at the 47th ASEAN Summit later this year. SINGAPORE: ASEAN member states are set to sign a landmark regional digital economy agreement at the 47th ASEAN Summit in November after concluding negotiations on the pact this week. The Ministry of Trade and Industry (MTI) said on Sunday (May 31) that Singapore welcomes the successful...
'Partners and friends’: Trade and defence top of agenda at EU-South Korea summit
As security threats grow and geopolitics shift, the European Union and Republic of South Korea have celebrated a new Digital Trade Agreement at a summit in Brussels. European Commission President Ursula von der Leyen, European Council President Antonio Costa and with South Korean President Lee Jae-myung celebrated the signing of new a digital trade agreement at a ceremony in Brussels on Wednesday. The event marked the EU and South Korea's 11th summit, with everything from security and...
US targets Brazil with new tariffs over trade practices
US targets Brazil with new tariffs over trade practices The US plans new 25 percent tariffs on brazilian imports, citing issues like deforestation and digital trade practices. The administration of United States President Donald Trump has proposed a new 25 percent tariff on imports from Brazil amid allegations of unfair trading practices. US Trade Representative Jamieson Greer announced the new punitive tariffs late on Monday, stemming from issues including digital trade and illegal...
Germany pushes back on US attack over streaming law
Germany has rejected US accusations that its proposed streaming investment law violates the EU-US Turnberry trade pact, asserting it is a cultural policy measure, not a digital trade barrier. The draft legislation mandates that streamers invest at least 8% of their German revenue into local film and television production to avoid penalties. This dispute follows the recent implementation of the transatlantic trade agreement.
Meta accuses Australia of breaching FTA, invokes US 'trade action'
Meta accuses Australia of breaching FTA, invokes US 'trade action' SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade. The $1.6 trillion Facebook and Instagram owner said a proposal to tax platforms 2.25 per cent of all Australian revenue - including revenue unrelated to social media - was...
‘Grossly unfair’: Meta slams Australia’s bid to make platforms pay for news
‘Grossly unfair’: Meta slams Australia’s bid to make platforms pay for news Facebook parent company says proposals violate Australia’s commitments under its free trade agreement with the US. Social media giant Meta has hit out at Australia’s latest plans to force digital platforms to support media outlets financially, labelling the proposals “poorly designed” and “grossly unfair.” Meta, the parent company of Facebook, WhatsApp and Instagram, said on Thursday that the government’s News...
Cyprus and Kazakhstan deepen ties with agreements, flights and investment plans
Five cooperation agreements were signed during the first visit by a Cypriot president to Kazakhstan. The talks focused on trade, investment, transport and digital development, while new direct flights and diplomatic initiatives aim to strengthen links between Europe and Central Asia. Cyprus and Kazakhstan signed five cooperation agreements and pledged to deepen economic ties during the first official visit by a Cypriot president to Kazakhstan, as the two countries opened embassies...
Philippines’ bet on shaky investment pledges from the US risks China’s ire
“You have absolutely no idea of what you’re talking about. The whole point of Pax Silica is to partner with countries who are good at doing different things because everyone wins from a secure supply chain,” wrote US Undersecretary of State for Economic Affairs Jacob Helberg on a social media website in response to an online critic of the US strategic initiative with the Philippines. The spirited exchange came after Manila’s reported rejection of a request to extend diplomatic immunity to US...
Watch: Batteries, microchips, and K-Pop—what's at stake at the EU-Korea Summit
European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit. They say hospitality begins at home, and Brussels is putting that to the test this week. European leaders António Costa and Ursula von der Leyen are hosting South Korean President Lee Jae Myung for the EU-Republic of Korea summit.
Indonesian business groups call for clarity about new commodity export rules
Indonesian business groups call for clarity about new commodity export rules JAKARTA, June 2 : Business groups in Indonesia called on the government to issue technical guidance for its plan to centralise exports and retain export proceeds in state banks, they said in a joint statement Reuters received on Tuesday. The Indonesian Employers Association, together with associations of miners, coal miners, nickel smelters and palm oil producers, said they supported the new rules, but hoped the...