THE BUSINESS OF INTERNATIONAL TRADE
THE BUSINESS OF INTERNATIONAL TRADE
On 25 February 2022 the Trade Secretary Anne-Marie Trevelyan signed the UK-Singapore Digital Economy Agreement (DEA) on the final day of her Asia-Pacific tour, following visits to Indonesia and Japan. The deal links two of the world's most dynamic hi-tech and services hubs and will capitalise on the UK's strength as the world's second-largest services exporter. A third of UK exports to Singapore are already digitally delivered, including in finance, advertising and engineering, and this deal will create new opportunities to expand modern services and help level up the country.
The DEA is said to be the most innovative trade agreement ever signed, and the first by a European nation. It will strengthen our trading relationship with Singapore – worth £16 billion in 2020 – by ending outdated rules that affect both goods and services exporters, making it easier for UK business to target new opportunities in both Singapore and the wider region.
Share:
© The Exporter 2019-2024