The EU-Singapore Free Trade Agreement will no longer apply to trade between UK and Singapore when the new deal kicks in, said the Ministry of Trade and Industry on Thursday.
Both countries have completed their respective domestic procedures for the FTA s provisional application, which enables them to apply treaty commitments on a provisional basis until the FTA is ratified by both countries and enters into force.
The UK is Singapore s third and second-largest trading partner for goods and services respectively, as well as its top investment destination in Europe. In turn, Singapore is the UK s largest trade and investment partner in South-east Asia.
The Straits Times
Key benefits Singapore businesses will enjoy under deal
84 per cent of Singapore exports entering Britain will continue to be duty-free once the UK-Singapore FTA comes into force.PHOTO: ST FILE
https://str.sg/JaS5
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