Singapore–United Kingdom Free Trade Agreement

{{Short description|Free trade agreement between the United Kingdom and Singapore}}

{{Use British English|date=June 2024}}

{{Use dmy dates|date=June 2024}}

{{Infobox treaty

| name = Singapore–United Kingdom Free Trade Agreement

| long_name = Free Trade Agreement between Singapore and the United Kingdom

| image = File:Singapore United Kingdom Locator.png

| image_size = 340px

| alt =

| caption = {{Legend|#399e39|Singapore}}{{Legend|#f7931e|United Kingdom}}

| type = Free Trade Agreement and Economic Integration Agreement

| context = Continuity trade agreement between Singapore and the United Kingdom

| date_drafted =

| date_signed = {{dts|10 December 2020}}

| location_signed =Singapore

| date_sealed =

| date_effective = {{dts|1 January 2021}}

| condition_effective = Ratification by both signatories

| amendment =

| date_expiration =

| date_expiry =

| provisional_application =

| mediators =

| negotiators =

  • {{flagicon image|Flag of Singapore.svg}} Chan Chun Sing
  • {{flagicon image|Flag of the United Kingdom.svg}} Liz Truss

| original_signatories =

| signatories =

| parties =

  • {{flag|Singapore}}
  • {{flag|United Kingdom}}

| ratifiers =

| depositor =

| depositories =

| citations =

| language =English

| wikisource =

| wikisource1 =

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| footnotes =

}}

The Singapore–United Kingdom Free Trade Agreement (SUKFTA) is a free trade agreement between the United Kingdom and Singapore. It was signed prior to the withdrawal of the United Kingdom from the European Union as a Continuity trade agreement in order to protect trade and investment between the two parties as the UK would no longer be a party of the European Union–Singapore Free Trade Agreement.{{cite news|title=Joint statement by the UK and Singapore|url=https://www.gov.uk/government/news/joint-statement-by-the-uk-and-singapore|date=10 December 2020|website=GOV.UK|access-date=10 March 2024|archive-url=https://web.archive.org/web/20201210070222/https://www.gov.uk/government/news/joint-statement-by-the-uk-and-singapore|archive-date=10 December 2020|url-status=live}}{{cite web|title=UK and Singapore sign post-Brexit free trade agreement|url=https://www.ft.com/content/51b7eb87-5812-4765-a483-d50c2c66f130|date=10 December 2020|website=Financial Times|access-date=10 March 2024|archive-url=https://web.archive.org/web/20201210072021/https://www.ft.com/content/51b7eb87-5812-4765-a483-d50c2c66f130|archive-date=10 December 2020|url-status=live}} The agreement replicates the European Union–Singapore FTA terms with minor changes.

Trade value between the United Kingdom and Singapore was worth £20,626 million in 2022.{{cite web|url=https://www.gov.uk/guidance/uk-trade-agreements-in-effect|title=UK trade agreements in effect|access-date=9 February 2024|date=3 November 2022|website=GOV.UK}}

Digital Economy Agreement

Singapore and the United Kingdom signed a digital economy agreement on 25 February 2022, the agreement expands the SUKFTA to cover digital trade.{{cite web |title=UK and Singapore sign new innovative digital trade deal|url=https://www.gov.uk/government/news/uk-and-singapore-sign-new-innovative-digital-trade-deal|website=GOV.UK|date=25 February 2022|access-date=10 March 2024|archive-url=https://web.archive.org/web/20220225091855/https://www.gov.uk/government/news/uk-and-singapore-sign-new-innovative-digital-trade-deal|archive-date=25 February 2022|url-status=live}} The Singapore–United Kingdom Digital Economy Agreement (SUKDEA) entered into force on 14 June 2022.{{cite web|title=UK-Singapore digital economy deal enters into force|url=https://www.straitstimes.com/singapore/uk-singapore-digital-economy-deal-enters-into-force|website=The Straits Times|date=15 June 2022|access-date=10 March 2024|archive-url=https://web.archive.org/web/20231031171440/https://www.straitstimes.com/singapore/uk-singapore-digital-economy-deal-enters-into-force|archive-date=31 October 2023|url-status=live}}

See also

References