WELLINGTON, Jan. 22 (Xinhua) -- A new trade agreement was concluded on Wednesday between New Zealand, Singapore and Chile for exporters and consumers in the three countries to explore opportunities from digital trade, announced New Zealand government on Wednesday.
New Zealand Minister for Trade and Export Growth David Parker together with Chile's Vice Minister of Trade Rodrigo Yañez and Singapore's Minister of Trade and Industry Chan Chun Sing, announced the conclusion of talks on a Digital Economy Partnership Agreement (DEPA).
"It's an important step in making sure trade rules better reflect this digital era," Parker said, "DEPA will help make it easier for businesses and consumers to take advantage of digital trade opportunities, while protecting public and private interests."
"Digital trade is constantly evolving. We may not know what new technologies will emerge, but we know it is valuable to have open channels of communication with close partners to discuss issues this change can bring," Parker added.
DEPA complements and supports the ongoing WTO-based negotiations on e-commerce, as well as work within Asia-Pacific Economic Cooperation and the Organization for Economic Co-operation and Development, said Parker.
The DEPA is described by New Zealand government as an "open plurilateral" agreement, meaning it is open to other WTO members who can meet its standards.
