Britain and Singapore will on Monday start negotiations on a replacement digital trade agreement that would remove barriers, a part of London’s push to become what it calls a “global tech powerhouse” post-Brexit.
Since completing its exit from the ecu Union at the top of last year, Britain has been pressing ahead with new trade deals especially with countries within the Indo-Pacific region, with the foremost recent agreement signed with Australia
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Digital trade is seen as key by the govt to support British tech companies in capitalising on investment opportunities abroad to undertake to assist 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 are going to be began during a video call.
“A cutting-edge affect Singapore will keep us at the forefront of the industrial revolution , ensuring we lead the way in digitally delivered trade and industries like fintech and cybersecurity,” British trade minister Liz Truss said.
“The UK are going to be the primary European country to ever negotiate a Digital Economy Agreement, which shows what we will do as a sovereign trading nation,” she said during a statement.