The Digital Economy Partnership Agreement (DEPA) has been approved by the Senate and is ready to become law – SmallCapNews.co.uk

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the high camera Approved by 30 votes Digital Economy Partnership Agreement (DEPA). Undersecretary of the Ministry International Economic Relations (SUBREI), Rodrigo Yánez.

Deepa, A pioneer of its kind in the world, originated from the common interest of Chile, New Zealand and Singapore to benefit smaller economies, through a friendly framework for ICT companies, providing more opportunities for citizens, especially for small and medium businesses. the agreement It encourages the export of its products and services By organizing some critical things, such as Free data flow non-discrimination for digital productsartificial intelligence, digital identity and Privacy, among other things.

“Today there New digital products which have become targets of international trade, such as music, software, e-books and video games that must be promoted through a regulatory framework that promotes their international expansion, so that anyone with a good business idea and an internet connection can Reach anywhere in the world. Rodrigo Yanez, SUBREI official, said that DEPA represents a milestone in the modernization of Chilean trade policy, as it is a pioneer in dealing exclusively with issues of the digital economy, the key to sustainable economic recovery.

the new laws to support digital commerce They can help provide greater transparency, certainty, and increase trust in the online digital environment. In this sense, DEPA comes at a “time of great disruption in international trade and global value chains as a result of the pandemic, and represents A new form of economic integration In the digital age,” Undersecretary Rodrigo Yanez emphasized.

Thanks to its potential, like countries Canada They have expressed their interest in joining DEPA, which would constitute an important step towards solidifying a pioneering agreement in the digital economy.

TICs

Today, ICTs represent 35% of Chile’s service exports, compared to the 24% it occupied in 2010, and it positions itself first in intangible exports, a growth that must be fostered by a regulatory framework that boosts its international expansion.

In 2020, Chilean exports of ICT services totaled 378 million US dollars, carried out by 203 companies, 113 of which were small and medium-sized enterprises, whose developments reached more than 125 markets, led by the United States, Peru and Colombia. And other remote areas such as UK, Hong Kong, Malaysia, China, Singapore, United Arab Emirates and New Zealand.