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 =
| wikisource2 =
| wikisource3 =
| wikisource4 =
| wikisource5 =
| 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
{{Free trade agreements of the United Kingdom}}
{{DEFAULTSORT:Singapore-United Kingdom Free Trade Agreement}}
Category:2020 in the United Kingdom
Category:Economy of the United Kingdom
Category:Free trade agreements of the United Kingdom
Category:Treaties concluded in 2020
Category:Treaties entered into force in 2021