The Association of Southeast Asian Nations (Asean) has officially launched the negotiations for a new Digital Economy Framework Agreement (Defa).
Touted as the “world’s first major regionwide digital economy agreement”, Defa was described by Indonesia Coordinating Minister for Economic Affairs this week as a “game changer” that will address everything from AI, blockchain and technology advancements in the coming years. With Asean’s digital economy having the potential to grow to as much as US$2 trillion by 2030, the digital economy is one of the many topics that are being discussed at Asean Summit meetings in Jakarta.
