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Singapore–United Kingdom Free Trade Agreement
Free trade agreement between the United Kingdom and Singapore From Wikipedia, the free encyclopedia
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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 from 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]
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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
References
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