Manila, 14 November 2026 – Members of the Association of Southeast Asian Nations (ASEAN) signed the Digital Economy Framework Agreement (DEFA) in Manila on 14 November 2026, alongside the 28th ASEAN Economic Community Council meeting. The agreement covers areas including digital trade, payments and cross-border data. The ASEAN Secretariat expects it to enter into force in early 2027, but the signing did not make the new arrangements available to businesses immediately.
For Asian businesses and investors, the agreement matters because selling into a neighbouring market can still require different payment arrangements, trade documents and checks on business customers. If national authorities and service providers make those systems work together, companies could spend less time adapting the same process for each market. The signing confirms agreement on a regional framework. It does not establish which services will be available first, which countries will participate in particular projects or how much users might save.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here