Iceland: Launched Negotiations on EFTA-Singapore Digital Economy Agreement Negotiations including cross-border data transfer regulation

On 16 February 2023, the European Free Trade Association (EFTA) and Singapore issued a joint statement announcing the launch of negotiations on a Digital Economy Agreement (DEA). The parties aim to promote more seamless cross-border digital trade and to advance cooperation in the digital domain, including advancing end-to-end trade, enabling trusted data flows, and facilitating a trusted and secure digital environment. The DEA will build on ongoing plurilateral efforts, including negotiations on the WTO Joint Statement Initiative on E-Commerce.