Brexit aftermath: UK will need to negotiate new agreements with trading partners, says MTI

[SINGAPORE] The United Kingdom will need to negotiate new trade agreements with its trading partners, including Singapore, as it is no longer covered by existing trade agreements following Britain's shock vote to exit the European Union, the Ministry of Trade & Industry said.

In response to queries from The Straits Times, MTI said: "The full impact of Brexit on the UK, the EU and the global economy will be heavily dependent on the UK's subsequent trade arrangements with the EU and other markets, including Singapore.

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