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Singapore and UK sign free trade agreement; to work towards digital economy agreement

The Editor
The Editor12/10/2020 02:59 PM GMT+08  • 3 min read
Singapore and UK sign free trade agreement; to work towards digital economy agreement
Under the FTA, Singapore and UK companies will enjoy the same benefits that they are receiving under the EU-Singapore FTA.
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Singapore’s Minister for Trade and Industry Chan Chun Sing and the United Kingdom’s Secretary of State for International Trade Elizabeth Truss signed the UK-Singapore Free Trade Agreement (FTA) in Singapore on Dec 10.

The Minister and Secretary of State also agreed to start scoping the modules of a UK-Singapore Digital Economy Agreement (DEA). They have aimed to begin launching negotiations on the DEA in 2021.

Under the FTA, Singapore and UK companies will enjoy the same benefits that they are receiving under the EU-Singapore FTA.

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