Singapore's Deputy Prime Minister, Gan Kim Yong, confirmed the city-state's negotiations with Indonesia on a digital economy framework agreement, according to a release from the Singapore Productivity Center on Tuesday.
The signing is expected to be done by 2026, with entry into force slated for 2027, as the two states look to leverage the AI and digital economy boom.
Additionally, the two states are exploring a similar understanding for the green economy, focused on green electrons, green financing, carbon credit trading and other green solutions across the region.
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