SINGAPORE

The Bilateral Investment Treaty (BIT), originally signed between Singapore and Indonesia in October 2018, has now come into force. As well as putting in place protocols relating to the treatment and safety of investors/investments from both signatory nations, the agreement has also been designed to guarantee protection from discriminatory treatment and illegal expropriation for all parties. More

The United Nations’ Framework Agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific came into effect as of 20 February. More

The Association of Southeast Asian Nations (ASEAN) has approved the ASEAN Data Management Framework (DMF), the Model Contractual Clauses for Cross Border Data Flows (MCCs) document and the relevant official implementation guidelines. More

The Singapore government has approved the Multimodal Transport Bill, a move that will facilitate ratification of the ASEAN Framework Agreement on Multimodal Transport (AFAMT) later this year. More