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Singapore–United Kingdom Free Trade Agreement

Free trade agreement between the United Kingdom and Singapore From Wikipedia, the free encyclopedia

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.

ContextContinuity trade agreement between Singapore and the United Kingdom
Signed10 December 2020
LocationSingapore
Quick facts Free Trade Agreement between Singapore and the United Kingdom, Type ...
Singapore–United Kingdom Free Trade Agreement
Free Trade Agreement between Singapore and the United Kingdom
  Singapore
  United Kingdom
TypeFree Trade Agreement and Economic Integration Agreement
ContextContinuity trade agreement between Singapore and the United Kingdom
Signed10 December 2020
LocationSingapore
Effective1 January 2021
ConditionRatification by both signatories
Negotiators
Parties
LanguageEnglish
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Trade value between the United Kingdom and Singapore was worth £20,626 million in 2022.[3]

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]

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