Economics

U.K.-Singapore Sign Free Trade Agreement to Replace EU Deal

Singapore Port as the City-State Sees Return to Growth in 2021 on Global Recover — Photographer: Lauryn Ishak/Bloomberg

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By Michelle Jamrisko

December 10, 2020 at 8:34 AM UTC

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The U.K. and Singapore signed a free trade agreement on Thursday, under which companies from both countries will continue to enjoy the same benefits on about 17 billion pounds ($23 billion) worth of goods and services they receive under an existing EU-Singapore deal.