Peru submits request for adhesion to Digital Economy Partnership Agreement

Peru submits request for adhesion to Digital Economy Partnership Agreement
Photo: Twitter/Ministry of Foreign Trade and Tourism of Peru

DETROIT (US), May 27 (NNN-ANDINA) — The Ministry of Foreign Trade and Tourism (Mincetur) has submitted Peru’s request to adhere to the Digital Economy Partnership Agreement (DEPA).

This presentation took place and was made official during a meeting between Mincetur’s head Juan Carlos Mathews and Trade & Export Growth Minister of New Zealand, Damien O’Connor.

“Peru’s participation in this Agreement will strengthen digital commerce among DEPA member countries, facilitate the cross-border flow of data, and promote greater participation of our entrepreneurs and MSMEs in the benefits from digital transformation, Mathews said.

Within this framework, the Cabinet member stressed that for Peru the DEPA will be key to boosting the trade of digital products and services, thus benefiting micro, small, and medium-sized enterprises that seek to join global value chains.

The Digital Economy Partnership Agreement (DEPA) is an agreement signed by Chile, New Zealand, and Singapore.
It contains commitments on trade and digital economy, which seek to benefit smaller economies and provide more opportunities to include more people and MSMEs in the global economy.

It was signed in June 2020 and entered into force in January 2021 for New Zealand and Singapore, and in November 2021 for Chile.

The DEPA establishes a regulatory and cooperation framework to promote the use of new technologies and an efficient regulation that facilitates the trade of goods and services by electronic means.

It relies on provisions related to logistics; electronic invoice; online protection and security; digital identity; financial technological cooperation; among others.

In particular, the DEPA lays the foundations for discussions on areas that support digital economy under a commercial approach. — NNN-ANDINA


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