Singapore’s Bilateral Agreements with the United Kingdom
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.
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.
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.