UK, Singapore launch talks on digital trade agreement | Inquirer Business
Close  

UK, Singapore launch talks on digital trade agreement

/ 06:42 AM June 28, 2021
British Union Jack flags are seen on the desks of Members of the Brexit Party during a debate on the last European summit, at the European Parliament in Strasbourg, France, July 4, 2019.  REUTERS/Vincent Kessler

British Union Jack flags are seen on the desks of Members of the Brexit Party during a debate on the last European summit, at the European Parliament in Strasbourg, France, July 4, 2019. (REUTERS)

LONDON  – Britain and Singapore will on Monday 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.

ADVERTISEMENT

Digital trade is seen as key by the government to support British 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.

FEATURED STORIES

“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,” British 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.

gsg

Subscribe to our business newsletter


Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: digital trade, Singapore, UK
For feedback, complaints, or inquiries, contact us.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.