The flag of Peru / gettyimagesbank
Peru will quickly grow to be the newest member of the Digital Economic system Partnership Settlement (DEPA), probably creating new alternatives for Korea and different member nations, Seoul’s trade ministry stated Tuesday, noting the perimeters have efficiently reached an settlement over Peru’s participation.
Signed in 2020 by Chile, New Zealand and Singapore, DEPA is the world’s first stand-alone digital commerce settlement. It goals to advertise digital commerce by reinforcing commercially significant digital commerce guidelines and selling interoperability throughout totally different regulatory frameworks, amongst others.
Korea joined the settlement in 2024 and chairs DEPA’s accession working group that assessed the inclusion request from Peru.
At present, China and the United Arab Emirates are present process separate negotiations for their very own participation in DEPA.
The Ministry of Commerce, Trade and Sources stated Peru’s inclusion is anticipated to supply new export alternatives for Korea in numerous areas, akin to e-commerce, knowledge enterprise and digital content material, and foster a secure and predictable digital commerce surroundings between the 2 nations.
