Singapore plans to develop e-commerce and digital economy of ASEAN countries

Singapore has plans to develop e-commerce and regional digital economies of Association of South East Asian Nations (ASEAN) countries as the Republic gears up to take the chairmanship next year.

Speaking at the ASEAN Conference 2017, Lim Hng Kiang, Trade and Industry (Trade) Minister, said, “There is interest among member states in developing their e-commerce capabilities to tap on emerging opportunities.”

Lim Hng Kiang, Trade and Industry (Trade) Minister of Singapore.
Lim Hng Kiang, Trade and Industry (Trade) Minister of Singapore. Photo courtesy: mas.gov.sg

He added, “Going forward, we will look into streamlining regional trade rules governing e-commerce that will promote greater digital connectivity in the region and lower operating barriers to entry. We will also ensure that these are incorporated into our current regime and new trade agreements.”

While stressing on improving trade facilitation with the member countries of ASEAN, the Minister observed, “We also hope to focus on improving trade facilitation measures to support the internationalisation plans, including for SMEs. We intend to work closely with other ASEAN Member States towards the realisation of an ASEAN-wide self-certification regime and the ASEAN Single Window (ASW).”

He added, “The ASEAN-wide self-certification regime will allow authorised exporters to self certify that their goods meet ASEAN’s requirements for preferential treatment, while the ASEAN Single Window will expedite customs clearance via the electronic exchange of information across borders. This will facilitate seamless movement of goods within ASEAN, allowing businesses to enjoy lower administrative and time-to-market costs.”

Author
Ashraf Jamal
Ashraf Jamal – Senior Writer

Ashraf Jamal brings a rare depth to writing equipped with a degree in journalism, a postgraduate degree in political science, and a degree in law from the Allahabad University. His experience includes editing and publishing the Northern India Patrika and writing for Times of India for almost a decade covering just about any topic under the sun including NRIs and Indian diaspora.

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