Singapore, UK renew bilateral economic and business partnership pact

SINGAPORE and the UK have renewed their bilateral Economic and Business Partnership (EBP), paving the way for greater economic cooperation and new business opportunities in both countries.

The renewed agreement was signed on Tuesday by Singapore Trade Minister Lim Hng Kiang and British Secretary of State for International Trade Liam Fox after their meeting in Singapore.

In a statement, the Ministry of Trade and Industry said that the EBP will continue to facilitate regular and strategic dialogue at the senior officials' level.

There are some new areas of cooperation, including collaborating on trade policy capacity-building initiatives and establishing a working group to deepen trade and investment ties.