{"id":32863,"date":"2026-03-02T13:02:38","date_gmt":"2026-03-02T05:02:38","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=32863"},"modified":"2026-03-02T13:02:38","modified_gmt":"2026-03-02T05:02:38","slug":"norway-and-singapore-enters-into-trade-deal","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=32863","title":{"rendered":"Norway and Singapore enters into trade deal"},"content":{"rendered":"


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The EFTA\u2013Singapore Digital Economy Agreement has entered into force for Singapore and Norway, setting rules for data flows and digital trade.<\/figcaption><\/figure>\n

The EFTA\u2013Singapore Digital Economy Agreement (ESDEA) entered into force for Singapore and Norway today, Singapore\u2019s Ministry of Trade and Industry announced in a press release<\/a>.<\/p>\n

The agreement sets rules to support cross-border digital trade, including provisions aimed at enabling trusted data flows and giving businesses clearer legal certainty when providing digital services, including in financial services.<\/p>\n

It also promotes interoperable digital systems such as paperless trade processes and e-invoicing, with the stated aim of making cross-border digital transactions more efficient.<\/p>\n

Singapore said its services trade with the EFTA states exceeded S$30 billion in 2023, with nearly half estimated to have been digitally delivered, and financial services accounting for about 20% of those digitally delivered services.<\/p>\n

The agreement has not yet entered into force for Iceland, Liechtenstein, or Switzerland, as their ratification processes are still ongoing.<\/p>\n<\/p><\/div>\n

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