New Zealand, Chile and Singapore have recently reached a Digital Economy Partnership Agreement (DEPA), which is a standalone agreement that sets new high quality, world leading standards in digital trade.
It complements ongoing multilateral talks on e-commerce at the WTO and efforts in Asia-Pacific Economic Cooperation (APEC) and the OECD.
As a leading digital economy, with high rates of internet penetration and use, a skilled workforce, and sophisticated academic and financial ecosystems that is well placed to leverage new ideas, the UK is already one of the best places in the world to establish and grow a tech company.
Going forward, it is essential that the UK uses all of the tools at its disposal to cement its leadership in this space.
The Digital Economy Partnership Agreement is such an opportunity, as it is open for accession by other WTO members and we firmly believe UK should seek to join.
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