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The Use of Insurance Documents in International Trade – Enabling Digitalisation
For the past few years, work has been underway to harness emerging technologies such as blockchain, smart contracts, the Internet of Things (IoT) and Artificial Intelligence (AI) within the insurance industry. The technologies can be harnessed to digitalise cargo insurance documentation. However, one of the barriers to adopting and using… Read more
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Joint Statement on Electronic Commerce
The following communication, dated 26 July 2024 is being circulated at the request of Australia, Japan and Singapore as Co-Convenors on behalf of the participants of the Joint Statement Initiative on Electronic Commerce. We recognise the importance of global electronic commerce and the opportunities it creates for inclusive trade and… Read more
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EU and Singapore Conclude Negotiations for Landmark Digital Trade Agreement
Today, the EU and Singapore concluded negotiations for a Digital Trade Agreement (DTA). This deal is the first EU agreement of its kind, reflecting the EU’s aspiration to be a global standard-setter for digital trade rules and cross-border data flows. The DTA will complement the 2019 EU-Singapore Free Trade Agreement, connecting both economies further… Read more
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The e-book provides an in-depth look at the evolving digitalization in trade finance. It discusses how digital solutions are transforming traditional trade processes, improving efficiency, transparency, and security. Key technologies covered include blockchain, artificial intelligence, and electronic documentation, which help streamline operations like payments and risk management. The guide also… Read more
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Tokenisation is often touted to unlock vast potential, particularly in markets plagued by inefficiency and illiquidity. There is a market consensus forming that investors are drawn to adopt tokenised assets due to reduced transaction costs and enhanced liquidity. For institutions on the supply side, the allure seems to lie in… Read more
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Study on the potential impacts of a future EU-Singapore Digital Trade Agreement
The European Union (EU) and Singapore are currently negotiating a new EU-Singapore Digital Trade Agreement (EUSDTA). The EUSDTA builds on several existing trade arrangements between the EU and Singapore, including a bilateral free trade agreement, the investment protection agreement, which is pending ratification, and a negotiated set of digital trade… Read more
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Legal Framework for Digital Development and Transformation in Selected Industries
In recent years, the development and widening application of emerging digital technology – e.g. Web 3.0 technology (including distributed ledger technology (“DLT”)), Internet of Things (“IoT”), artificial intelligence (“AI”) and automation – have transformed ways through which economic activities are conducted, leading to the emergence of a “digital economy”. Specifically,… Read more
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Organizations make better choices when they understand the factors shaping the future. Since 2011, the Top 10 Emerging Technologies report has served as a vital source of strategic intelligence for professionals. Drawing on insights from scientists, researchers and futurists, the report identifies 10 technologies poised to significantly influence societies and… Read more
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Rarely before have the risks faced by humankind been more complex, interlinked, and interdependent; and rarely have so many crises coexisted. In this context characterised by turbulence, novelty, ambiguity, and uncertainty, foresight plays an essential role and complements more traditional quantitative approaches to help manage risks and disasters. By providing… Read more
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European Services Forum Position Paper on EU Future Trade Policy
Competitiveness concerns have returned to EU discourses. The warning signals concerning the EU’s economic underperformance are growing, notably from Germany, where the EU’s main economic engine for the European Union is slowing down. To add to these grim overall macroeconomic trends, there are also growing clouds on the trade horizon:… Read more