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    China applies to join Digital Economy Partnership Agreement

    05
    Nov '21
    Pic: Jindakum|Dreamstime.com
    Pic: Jindakum|Dreamstime.com
    China has officially applied to join the Digital Economy Partnership Agreement (DEPA) to strengthen global cooperation in digital economy, according to the ministry of commerce. Commerce minister Wang Wentao submitted the written application to Damien O'Connor, minister for trade and export growth of New Zealand, the DEPA depositary, the ministry said.

    The pact was virtually signed by Singapore, New Zealand and Chile on June 12, 2020.

    "The DEPA is a first of its kind agreement that establishes new approaches and collaborations in digital trade issues, promotes interoperability between different regimes and addresses the new issues brought about by digitalization," according to the Singapore's ministry of trade and industry.

    Applying to join DEPA is in line with China's efforts of "further deepening domestic reforms and expanding high-level opening-up," the Chinese ministry was quoted as saying by an official news agency.

    Fibre2Fashion News Desk (DS)


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