Talks on UK-Singapore Treaty

The United Kingdom and Singapore have started talks on a new treaty that will improve the flow of investments between the two countries

The UK-Singapore Bilateral Investment Treaty (UKSBIT) will supersede the existing pact that came into force in 1975.

The new treaty will include robust and up-to-date rules on the treatment of investments and investors from Singapore and the UK.

As of 2021, the stock of UK investment in Singapore totals £11.4 billion and the stock of Singaporean investment in the UK totals £12.0 billion, up from £4.1 billion in 2012. 

The launch of the negotiations was announced after a virtual meeting between Singapore Minister-in-charge of Trade Relations S. Iswaran and the UK Secretary of State for Business and Trade Kemi Badenoch.

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Sabina Ciofu

Sabina Ciofu

Associate Director – International, techUK