The Association of Southeast Asian Nations (ASEAN), supported by the World Economic Forum and the ASEAN-Korea Cooperation Fund, is gearing up to unveil the ASEAN Digital Economy Framework Agreement (DEFA), the first regional digital economy agreement covering digital ID, payments, data flows, and trade.
Despite aspirations for harmonisation, challenges persist due to socio-economic differences and varying regulatory frameworks. The ASEAN digital economy is forecasted to surge from around USD300 billion to nearly USD1 trillion by 2030.
