MANILA, Nov 14 (Bernama) -- ASEAN nations on Saturday signed the landmark Digital Economy Framework Agreement (DEFA), a pact aimed at making it easier for businesses to trade online and reach customers across the region.
ASEAN Nations Sign Digital Economy Framework Agreement To Deepen Economic Integration
ASEAN, DEFA, economic integration
BE Bernama 
Key takeaways
ASEAN trade ministers signed the Digital Economy Framework Agreement to simplify cross‑border e‑commerce, payments and data flows, aiming to double the region’s digital economy to US$2 trillion by 2030.
- All 11 ASEAN member states signed the DEFA pact on Nov 14.
- The agreement creates a common framework for e‑commerce, electronic payments and data flows.
- It is expected to double ASEAN’s digital economy from US$1 trillion to US$2 trillion by 2030.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Also reported by New Straits Times
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