The agreement contains a clause to review the agreement within three years. ACCEC`s mission is to cooperate with other ASEAN groups, which are also important to the success of the e-commerce and digital commerce objectives. As the agreement itself indicates, this includes future work in areas such as data protection, intellectual property and facilitation of customs and trade. Part of the challenge of developing an agreement that could be important for business is the wide diversity of capacity between ASEAN Member States. This is of course a recurring challenge for ASEAN, but the distance between ASEAN countries is particularly evident in the digital space. Even the state of knowledge between officials responsible for artisanal policy can vary considerably. However, despite the existence of this agreement, all Member States must make a joint effort to support the development of regional e-commerce, including, but not limited to, the adoption of the necessary e-commerce laws and regulations. The ASEAN e-commerce agreement is a starting point that can be seen as a common framework for the adoption of national laws and regulations in ASEAN jurisdictions. Not only the implementation of the necessary legal framework, but also the application of this legal framework are essential to improve the implementation of e-commerce. The agreement was signed after nine rounds of negotiations, with the participation of representatives of ten ASEAN member states. E-commerce is a powerful tool for businesses, especially SMEs, to access international markets. ASEAN companies have recognized this and have used e-commerce to develop and develop their businesses. For ASEAN, the benefits of e-commerce go beyond creating business and business opportunities.
It also contributes to the social cohesion and overall economic development of the region, which are important elements of our regional integration. With this agreement, ASEAN members plan to cooperate on transaction security, cybersecurity and personal data protection, which could enhance buyer security. The agreement reached in November contains some useful provisions to get started. It urges Member States to use paperless trading systems and the use of information (other than financial services) electronically, including digital signatures. It encourages members to be transparent about consumer protection measures and calls for the protection of personal data on the internet. Most of the nearly 2500 MSMEs participating in our Asia Pacific MSME Trade Coalition (AMTC) are active in e-commerce and digital commerce. Although not all of them are based in ASEAN, many people are engaged or supportive of the entire region.