China in advanced talks to join Digital Economy Partnership Agreement

China’s accession to the Digital Economy Partnership Agreement (DEPA) appears closer than ever, Xinhua reported, citing the Ministry of Commerce (MOC) on Thursday.

The MOC reported positive progress following multiple rounds of consultations between China and DEPA members.

In November 2021, China applied to join the DEPA. Since then, negotiations have steadily progressed. A dedicated working group was established in August 2022 to facilitate China’s entry into the pact.

The fifth meeting of the working group’s chief negotiators took place on Tuesday in Auckland, New Zealand. During the meeting, China exchanged views with representatives from Chile, New Zealand, Singapore, and the Republic of Korea on the current state of negotiations and related topics.

DEPA represents a new type of trade agreement that aimed at facilitating digital trade and creating a framework for the digital economy. It was born out of the common interest of Chile, New Zealand and Singapore in 2020, according to Asian Trade Centre.

South Korea requested to participate on September 13, 2021, followed by China.  On May 3 this year, South Korea joined DEPA as forth member