Singapore

The Australian Government has reinforced its commitment to mediation as a method of international commercial dispute resolution with the signing of the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the Singapore Convention.

Singapore and Australia Ministers met virtually for the 12th meeting of the Singapore-Australia Joint Ministerial Committee (SAJMC) on 27 August 2021. 

On 8 December 2020, the Australia-Singapore Digital Economy Agreement (DEA) entered into force.

The DEA amended the Singapore-Australia Free Trade Agreement (SAFTA) by replacing SAFTA’s Chapter 14 (Electronic Commerce) with a new Digital Economy Chapter.

The DEA provides modernised trade rules that assist businesses and consumers to engage with and benefit from digital trade and the digital economy.

The digital economies of Australia and Singapore have been growing rapidly as both countries increasingly adopt digital technologies to expand various industry sectors.