SINGAPORE – Costa Rica has joined the Digital Economy Partnership Agreement (DEPA), founded by Singapore, New Zealand and Chile, as its fifth member.
DEPA, which came into effect in January 2021, establishes key rules on digital trade and economic collaborations on issues such as digital identities, cross-border data flows and artificial intelligence to help businesses, especially smaller ones, engage in digital trade and electronic commerce.
Costa Rica was presented with the Instrument of Accession on the sidelines of the Future of Investment and Trade Partnership meeting in Auckland, New Zealand.
A joint statement by DEPA members on Sept 17 said Costa Rica’s successful accession represented a meaningful milestone and demonstrated the growing global interest in high-quality digital trade rules and cooperation.
“The accession of Costa Rica is testament to the agreement’s open and inclusive nature,” the statement said.
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