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The digital economy agreement will be the first between an Asian and a European country - ST
SINGAPORE (The Straits Times/ANN): Businesses and consumers can look forward to a UK-Singapore Digital Economy Agreement that will establish rules to enable trusted cross-border data flows and ensure high standards in data protection.
The launch of negotiations between the Republic and the United Kingdom was announced in a joint statement by the Ministry of Trade and Industry, Ministry of Communications and Information, and Infocomm Media Development Authority.
On Monday (June 28) there will be a videoconference between Minister-in-charge of Trade Relations S. Iswaran and British Secretary of State for International Trade Elizabeth Truss.
Singapore and UK launch negotiations for digital economy agreement straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
The EU-Singapore Free Trade Agreement will no longer apply to trade between UK and Singapore when the new deal kicks in, said the Ministry of Trade and Industry on Thursday.
Both countries have completed their respective domestic procedures for the FTA s provisional application, which enables them to apply treaty commitments on a provisional basis until the FTA is ratified by both countries and enters into force.
The UK is Singapore s third and second-largest trading partner for goods and services respectively, as well as its top investment destination in Europe. In turn, Singapore is the UK s largest trade and investment partner in South-east Asia.