SINGAPORE – A new agreement between Singapore and the European Free Trade Association (EFTA) is set to boost cross-border data flows for key sectors such as financial services. The EFTA-Singapore Digital Economy Agreement (ESDEA) will improve connectivity between the Republic and the EFTA states’ digital markets and establish a robust framework to advance end-to-end digital trade between both sides, the Ministry of Trade and Industry (MTI) said on Sept 26. The EFTA states are Iceland, Liechtenstein, Norway and Switzerland. The agreement, signed on Sept 25, will provide businesses with greater assurance that data will be able to flow securely and seamlessly across borders, including for the financial services sector which Singapore and the EFTA states cooperate closely in, the ministry added.   https://www.straitstimes.com/business/singapore-inks-pact-with-four-european-states-to-boost-digital-trade (ICE SINGAPORE)

Fonte notizia: The Straits Times, 27 September 2025