Read more about India, UK hold discussions to promote bilateral trade, investments on Business Standard. India and the UK have held discussions on promoting bilateral trade and investments between the two countries
The talks were held between Minister for Commerce and Industry Piyush Goyal, and UK Secretary of State for International Trade Elizabeth Truss MP on February 6.
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.
UKVFTA to take effect from end of 2020
On December 29, a free trade agreement (FTA) between Vietnam and the United Kingdom was officially signed by representatives of the two countries. The FTA will take effect from 23:00 of December 31, 2020.
The UKVFTA signed by the authorized representatives (Ambassadors) of the Governments of the two countries in London. (Photo credit to Ministry of Industry and Trade)
According to the Ministry of Industry and Trade’s office, the two countries’ ambassadors were authorised to sign the deal as leading officials of the Vietnamese Government and Minister of Industry and Trade Tran Tuan Anh were unable to travel to the UK to sign directly amid the COVID-19 pandemic.
UK-Singapore free trade agreement to take effect on Jan 1, 2021 Toggle share menu
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UK-Singapore free trade agreement to take effect on Jan 1, 2021
A boat leaves a pier past the Pasir Panjang container port terminal in Singapore on Nov 11, 2020. (File photo: AFP/Roslan Rahman)
31 Dec 2020 12:41PM (Updated:
31 Dec 2020 12:50PM) Share this content
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SINGAPORE: The free trade agreement between Singapore and the United Kingdom will take effect provisionally on Friday (Jan 1), providing certainty and clarity in trading arrangements between both countries, said the Ministry of Trade and Industry on Thursday.
The EU-Singapore free trade agreement will then cease to apply to UK-Singapore trade.