The ASEAN Digital Economy Framework Agreement (DEFA), nearing finalization, aims to unify digital policies across the region. Governments play a pivotal role in addressing regulatory fragmentation and promoting AI adoption through DEFA. The agreement is expected to boost digital trade by easing data transfers and enhancing cybersecurity protections.
DEFA promises significant benefits, including a projected 10% revenue increase for export-driven SMEs and a $2 trillion digital economy by 2030. Governments must ensure effective implementation and monitor progress to address challenges like infrastructure gaps and regulatory inconsistencies.
