The UK-Singapore Free Trade Agreement (UKSFTA) entered into force on 11 February 2021. It will ensure continuity and certainty in trading arrangements between both countries, and is the UK’s first FTA with an ASEAN country. Companies will be able to enjoy tariff elimination for goods trade and reduction of non-tariff barriers. An infographic highlighting some of the key benefits is appended.
For more information and/or specific questions on how to utilise the UKSFTA and reap its benefits, please reach out to the Singapore Business Federation (fta@sbf.gov.sg) or Department for International Trade in the United Kingdom (Matt.Bilski@trade.gov.uk).
