Talks on UK-Singapore Treaty
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.
If members have any questions, they can reach out to [email protected].