The Digital Economy Partnership Agreement – A big deal for digital trade
By Kristen Bondietti
The Digital Economy Partnership Agreement (DEPA) was concluded among three APEC economies – New Zealand, Singapore and Chile - in January of this year. It was easily missed in the turbulence of the current trade environment. It should not be.
Following the unfortunate but understandable cancellation of the APEC leaders’ meeting in Santiago, work has begun on carrying over the best ideas for Chile’s host year of 2019 into Malaysia’s hosting of APEC 2020.
The agreement in early November of 15 nations to a Regional Comprehensive Economic Partnership (RCEP) can be a big step towards achieving the APEC dream of a Free Trade Area of the Asia Pacific (FTAAP).
Will the Regional Comprehensive Economic Partnership (RCEP) be concluded this year? It’s about time RCEP was wrapped up – negotiations have been running for seven years now. But just what will be concluded? What will RCEP be?