UK signs series of international digital agreements at first Future Tech Forum
- UK and Singapore sign agreements to speed up trade, digital identity and cybersecurity
- Comes as UK also endorses Prague proposals on telecom provider diversity
A series of agreements were signed at the inaugural Future Tech Forum in London to help create new digital business opportunities, remove barriers to cross-border trade and lower costs for businesses.
Three MoUs have been signed by UK digital secretary Nadine Dorries and her Singaporean counterpart, Communications and Information Minister Josephine Teo.
The agreements will support the Digital Economy Agreement (DEA) between the UK and Singapore, currently under negotiation, which aims to improve trade relations and boost digital commerce for businesses and benefits for consumers. .
An agreement on ‘digital trade facilitation’ aims to reduce barriers to digital trade by encouraging businesses to use e-invoicing. It will establish a pilot project for the transfer of electronic bills of lading – the main commercial document in the shipment of goods – between the UK and Singapore.
By eliminating costly and obsolete paper record keeping, this move will not only help lower costs for businesses and promote more competitive prices for consumers, but it will also reduce the carbon footprint of commerce.
A new agreement marks an important step in making digital identity systems work well across jurisdictions. It will help reduce barriers to cross-border trade and enable businesses and individuals to use the international digital economy with more confidence and security.
A cybersecurity deal recognizes the common interest between the UK and Singapore in addressing the international challenges of protecting the interests of countries online, and a shared vision of sustaining the economic and social benefits of a free, open cyberspace , peaceful and secure.
Digital Secretary Nadine Dorries said:
The Future Tech Forum brings together global leaders to discuss how we can use technology to create a greener, healthier and safer world.
The deals signed today will lower costs for businesses and make it easier for our thriving impact startups to trade internationally and create wealth and jobs across the country.
It has been a pleasure to host the UK Presidency of the G7 and by working together we will continue to create a more productive and resilient global economy with digital technology at its heart.
The Future Tech Forum marks the end of the UK’s G7 presidency on digital and technology, its work on the “digital and technological track”, and builds on the declaration of the G7 digital and technology ministers signed in April, which identified six priorities to recover from the pandemic and create a more productive and resilient global economy with digital technology at its heart.
The UK will issue tomorrow (Tuesday 30 November) a joint statement from the G7 Presidency highlighting the progress made in the digital arena through collaboration with members and partners. This includes reforming national legislation for the adoption of electronic transferable documents, securing more resilient and secure supply chains, increasing collaboration on data sharing for the benefit of consumers, encouraging competition in digital markets and improving Internet security. The United Kingdom now hands the presidency to Germany.
The UK also confirms today that it will endorse the Prague proposals on the diversity of telecommunications providers, which will guide international efforts to advance and promote diversity in the telecommunications supply chain so that countries do not not depend on a small number of operators to build their networks.
The proposals highlight the importance of working together to create open and interoperable networks where companies can mix and match equipment and components from a variety of vendors to enhance security and stimulate competition and innovation in the supply chain of companies. telecommunications. UK work in this area already includes research and development and testing as part of the £ 250million diversification strategy.