Secretary of State for Business and Trade (): The Government will
shortly commence negotiations with Singapore to deliver a new,
modern Investment Treaty. Negotiations build on the strong
investment relationship between our two nations and represent the
United Kingdom’s Indo-Pacific tilt.
As of 2021, the stock of UK investment in Singapore totals £11.4
billion and the stock of Singaporean investment in the UK totals
£12.0 billion, up from £4.1 billion in 2012. The United Kingdom
and Singapore share a joint ambition to further strengthen our
trade and economic relationship, deepening trade and increasing
investment flows for the benefit of both countries.
That is why we are pursuing a new, modern Investment Treaty. This
will fulfil a commitment made in the Free Trade Agreement between
the United Kingdom and Singapore, and it is an opportunity to put
the UK at the forefront of international best practice. This
follows on from the successful UK-Singapore Digital Economy
Agreement last year.
His Majesty’s Government remain clear that in addition to
guaranteeing clear standards of fair treatment to investors, any
deal we sign will be in the best interests of the British people
and the United Kingdom economy. We will not compromise on our
high environmental, public health, animal welfare and food
standards, and we will maintain our right to regulate in the
public interest.
We are also clear that this negotiation will not open the NHS to
further competition and overseas companies will not be able to
take legal action to force us to do so.
The Government will update Parliament as we reach key milestones
in negotiations
