Singapore–United Kingdom Free Trade Agreement
Free trade agreement between the United Kingdom and Singapore
Singapore
United Kingdom
Chan Chun Sing
Liz Truss
- Singapore
- United Kingdom
The Singapore–United Kingdom Free Trade Agreement (SUKFTA) is a free trade agreement between the United Kingdom and Singapore. It was signed prior to the withdrawal of the United Kingdom of the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Singapore Free Trade Agreement.[1][2] The agreement replicates the European Union–Singapore FTA terms with minor changes.
Trade value between the United Kingdom and Singapore was worth £20,626 million in 2022.[3]
Digital Economy Agreement
Singapore and the United Kingdom signed a digital economy agreement on 25 February 2022, the agreement expands the SUKFTA to cover digital trade.[4] The Singapore–United Kingdom Digital Economy Agreement (SUKDEA) entered into force on 14 June 2022.[5]
See also
- Economy of Singapore
- Economy of the United Kingdom
- European Union–Singapore Free Trade Agreement
- Free trade agreements of the United Kingdom
- Foreign relations of Singapore
- Foreign relations of the United Kingdom
References
- ^ "Joint statement by the UK and Singapore". GOV.UK. 10 December 2020. Archived from the original on 10 December 2020. Retrieved 10 March 2024.
- ^ "UK and Singapore sign post-Brexit free trade agreement". Financial Times. 10 December 2020. Archived from the original on 10 December 2020. Retrieved 10 March 2024.
- ^ "UK trade agreements in effect". GOV.UK. 3 November 2022. Retrieved 9 February 2024.
- ^ "UK and Singapore sign new innovative digital trade deal". GOV.UK. 25 February 2022. Archived from the original on 25 February 2022. Retrieved 10 March 2024.
- ^ "UK-Singapore digital economy deal enters into force". The Straits Times. 15 June 2022. Archived from the original on 31 October 2023. Retrieved 10 March 2024.
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