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Can You Define Digital Trade? Fintech?

How data protection, e-commerce and fintech are (and aren’t) changing how journalists cover trade. Digital economy agreements have been happening for more than two decades, yet there’s still no single accepted definition of digital trade, Nydia Ngiow told International Trade Fellowship journalists in Singapore. by Anne Godlasky, National Press Foundation Digital economy agreements have been happening for more than two decades, yet there’s still no single accepted definition of digital trade, Nydia Ngiow told NPF’s International Trade Fellowship journalists in Singapore. Ngiow, a managing director at BowerGroupAsia, is a former international trade negotiator with the Singapore government who worked on the Trans-Pacific Partnership as well as the EU-Singapore free trade agreement. “What parties are clear [about] though, is that a digital product is anything that is digitally encoded. A program, text, video image that is produced for commercial sale that can be transmitted electronically. They just haven’t decided if this is a good or service or both,” Ngiow said. “If you check the definitions of the digital economy agreements, the general consensus is that this includes digitally enabled transactions of trading goods and services, and that this involves consumers, companies and governments.” Ngiow and Sheldon Goh of Microsoft explained acronyms and terms business journalists covering digital trade are likely to encounter. Takeaways, transcript and resources: https://nationalpress.org/topic/digit... Speakers: Nydia Ngiow, Managing Director at BowerGroupAsia Shameek Kundu, Chief Strategy Officer at TruEra Sheldon Goh, Director of Worldwide Financial Services at Microsoft National Press Foundation’s International Trade Fellowship in Singapore is sponsored by the Hinrich Foundation. NPF is solely responsible for the content.