The newly signed pact, finalised after nine rounds of negotiations, is the grouping’s first agreement on ecommerce.
The pact, apart from aiming to facilitate cross-border ecommerce transactions, will look to foster an environment of trust in the use of ecommerce. It also aims to deepen cooperation amongst ASEAN member states so as to spur the use of ecommerce as a way of driving regional economic growth.
Moreover, Southeast Asia has seen the rise of ASEAN-based unicorns, like Singapore-based Lazada and Indonesia-based Tokopedia, that now have a sizeable presence in the region’s ecommerce market.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.