Singapore’s Bilateral Agreements with the United Kingdom
-
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The CPTPP eliminates tariffs for 94% of Singapore’s exports to CPTPP markets.
Key benefits of the CPTPP include tariff elimination, trade facilitative Rules of Origin, greater access to services sectors, investment protection and guarantees, more opportunities in government procurement and a facilitative framework for the digital economy.
-
Singapore–UK Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.
The provisions of the DTA apply to persons who are residents of one or both of the Contracting States. Please refer to IRAS for more information.
-
UK–Singapore Digital Economy Agreement (UKSDEA)
A DEA establishes digital trade rules and digital economy collaborations between two or more economies.
The UK–Singapore Digital Economy Agreement (UKSDEA) includes binding disciplines on cornerstones of the digital economy, such as data, as well as cooperative elements in a wide range of emerging and innovative areas such as Artificial Intelligence, Fintech and Regtech, digital identifies and legal technology. -
United Kingdom – Singapore Free Trade Agreement (UKSFTA)
The UKSFTA provides Singapore companies with greater access into UK, and will accord companies the same key benefits they received under EUSFTA.
Under the UKSFTA, Singapore companies will enjoy key benefits ranging from the elimination of customs duties to liberal and flexible Rules of Origins for Singapore’s exports, improved market access to services sectors, enhanced opportunities in government procurement, reduced technical barriers in key sectors, and the enhanced protection of intellectual property rights.
