ASEAN Finalizes Digital Economy Pact

By Norman Metanza

ASEAN member states have finalized a landmark Digital Economy Framework Agreement (DEFA), poised to revolutionize regional digital integration by streamlining trade and promoting interoperability. This comprehensive pact, covering critical areas like AI, fintech, and source code protection, is set for official signing at the 47th ASEAN Summit in November.

ASEAN member states have successfully concluded negotiations for the Digital Economy Framework Agreement (DEFA), marking a significant step towards regional digital integration.
According to bernama.com, this comprehensive pact is designed to streamline digital trade and promote digital interoperability across the entire ASEAN region.
The DEFA agreement addresses several critical and emerging areas within the digital economy, including artificial intelligence (AI) and financial technology (fintech).
bernama.com also reported that the pact covers essential aspects such as source code protection, aiming to establish a robust framework for digital innovation.
The landmark agreement is slated for official signing at the 47th ASEAN Summit, which is scheduled to take place in November.

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