UK-Singapore FTA to bring certainty and increased growth
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THURSDAY'S signing of the UK-Singapore Free Trade Agreement (FTA) furthers the global tilt towards free, open and rules-based trade and investment, while opening a new wave of two-way commercial opportunities between the two trade-reliant nations.
With the United Kingdom separating from the European Union, the services powerhouse is now embarking on its own set of agreements with key trading partners. In October, it signed an agreement with Japan and following Singapore, there have been reports of other imminent agreements, including with Vietnam and Australia.
The UK-Singapore FTA signing, the UK's first in South-east Asia, reflects the importance of the trade and investment corridor for both Singapore and the UK.
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