UK and Singapore launch talks on digital trade agreement

UK Diplomacy

This coming week, the United Kingdom and Singapore are due to start negotiations on a new digital trade agreement that could remove barriers, part of London’s push to become what it calls a “global tech powerhouse” post-Brexit.

Since completing its exit from the European Union at the end of last year, Britain has been pressing ahead with new trade deals especially with countries in the Indo-Pacific region, with the most recent agreement signed with Australia.

Digital trade is seen as key by the government to support UK tech companies in capitalising on investment opportunities abroad to try to help a post-COVID recovery.

The government said any agreement with Singapore could remove barriers to digital trade and enable British exporters to expand into high-tech markets. The talks will be kicked off in a video call.

“A cutting-edge deal with Singapore will keep us at the forefront of the technological revolution, ensuring we lead the way in digitally delivered trade and industries like FinTech and cybersecurity,” UK trade minister Liz Truss said.

“The UK will be the first European country to ever negotiate a Digital Economy Agreement, which shows what we can do as a sovereign trading nation,” she said in a statement.

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The team at Platform Executive hope you have enjoyed the ‘UK and Singapore launch talks on digital trade agreement‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Elizabeth Piper. Editing by Emelia Sithole-Matarise.

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