DEFA - New driving force for ASEAN digital economy

ANH SON |

The ASEAN Digital Economy Framework Agreement (DEFA) is expected to become the first binding agreement in the world to comprehensively focus on the digital economy in one region.

Anh: ASEAN va DEFA
Photo: ASEAN and DEFA

Not only a turning point in ASEAN's digitalization process, DEFA is also designed in harmony between regional integration ambitions with flexibility suitable for each country, helping all members - regardless of digital development level - benefit together.

With high mobile penetration rate and rapid digital transformation, ASEAN has great potential to become a leading region in digital innovation. However, this development needs to be reinforced by a digital infrastructure platform, compatible standards and synchronous policies. DEFA is the tool that creates leverage for that process, towards a more general, connected and efficient digital market.

DEFA's highlight is its multifaceted approach and human center-line approach. Built with the consultation of many subjects - from the government to businesses, scholars and consumers - the agreement aims to promote an inclusive and fair digital environment. MSME, which accounts for 97% of ASEAN's total enterprises, will be strongly supported through regulatory reform, cross-border e-commerce and the ability to participate in the regional value chain.

In addition, DEFA also plays a role in promoting investment, enhancing market confidence and contributing to the implementation of ASEAN's sustainable development commitments. From electronic invoices, digital customs to green logistics, DEFA opens up a digital future that is not only growth but also inclusive and sustainable for the entire region.

ANH SON
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