ASEAN digital economy framework deal opens regional digital integration

17/07/2024 09:35
Email Print 3114
KPL (KPL/VNA) Malaysia hopes the ASEAN Digital Economy Framework Agreement (DEFA) can be finalised during its chairmanship in 2025.

(KPL/VNA) Malaysia hopes the ASEAN Digital Economy Framework Agreement (DEFA) can be finalised during its chairmanship in 2025.

Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz on July 16 said the agreement is still under negotiations but he also affirmed that DEFA aims to create a more competitive, inclusive, and profitable region while accelerating ASEAN’s transformation into a leading digital economy.

He said that based on the current trajectory, the ASEAN digital economy is expected to reach 1 trillion USD by 2030. However, with DEFA, this can easily be doubled to 2 trillion USD. He also called on youth to leverage DEFA to foster greater digital cooperation.

Tengku Zafrul noted that the move will pave the way for regional digital integration and inclusive growth and development.

To support Malaysia’s chairmanship next year, the minister said his ministry is spearheading efforts related to the ASEAN Economic Pillar, guided by overarching objectives of the ASEAN Economic Community Council.

He said Malaysia views the chairmanship as an opportunity to align ASEAN’s direction with the national economic policies, facilitating their regional adoption, and added that Malaysia is currently crafting its Priority Economic Deliverables (PEDs) for its ASEAN chairmanship.

The ministry is also involved in formulating the ASEAN Community Vision 2045 to map out the bloc’s development trajectory over the next two decades.

Tengku Zafrul added that by 2030, ASEAN’s gross domestic product is forecast to reach 4.5 trillion USD, making it the world’s fourth-largest economy.

 

KPL

ຂ່າວອື່ນໆ

    •  ASEAN education ministers agree on joint statement on student dropoutASEAN

      ASEAN education ministers agree on joint statement on student dropout

      6/20/2025 10:51:25 AM

      (KPL/VNA) ASEAN Education Ministers has recently agreed upon the Langkawi Joint Statement on Out-of-School Children and Youth (OOSCY) as a framework to address the challenges of access to education.

    • ASEAN reaffirms commitment to advancing green energy agendaASEAN

      ASEAN reaffirms commitment to advancing green energy agenda

      6/19/2025 10:35:25 AM

      (KPL/VNA) The 43rd ASEAN Senior Officials Meeting on Energy (SOME), held from June 16–18, marked a significant milestone as member states reached consensus on key strategic agendas to deepen regional energy cooperation.

    • ASEAN – RoK bolster strategic connectivityASEAN

      ASEAN – RoK bolster strategic connectivity

      6/18/2025 12:42:06 PM

      (KPL/VNA) The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum opened in Jakarta on June 17.

    • ASEAN becomes China’s largest trading partnerASEAN

      ASEAN becomes China’s largest trading partner

      6/17/2025 10:31:41 AM

      (KPL/VNA) China’s trade with ASEAN went up in the first five months of 2025 to account for 16.8% of the country’s total foreign trade, making the bloc its largest trading partner, according to the General Administration of Customs of China.

    • ASEAN becomes leading RoK’s export marketASEAN

      ASEAN becomes leading RoK’s export market

      6/17/2025 10:28:40 AM

      (KPL/VNA) The Republic of Korea (RoK)’s exports to the Association of Southeast Asian Nations (ASEAN) countries are on the rise, helping offset recent drops in shipments to the US and China amid a global trade war sparked partly by the US’ new tariff policies, the RoK’s media reported.


Top