UK has ‘laser’ focus on supporting tech firms expanding into South-east Asia
The number of British companies active in Singapore now stands at 5,700, up from 4,500 in 2019, says the UK’s top diplomat in Singapore Kara Owen.
Lee U-Wen
THE new year is fast shaping up to be an eventful one for Britain as it continues to deepen its involvement and presence in Singapore and across the Asia-Pacific region, especially on the trade front.
Negotiations are in the final stretch for the UK’s accession to the Comprehensive and Progressive Trans-Pacific Partnership, a massive free trade deal signed by 11 Pacific Rim countries including Singapore and the US in 2018.
The UK and India – the third-largest economy in Asia and the current president of the G20 – have already completed six rounds of talks for a free trade agreement, as officials from both sides look to finalise the pact that aims to double bilateral trade to US$100 billion by 2030.
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