House of Commons · Written Ministerial Statement
UK-Singapore Investment Treaty Negotiations
12 June 2025 · Department for Business and Trade
Proposed by Douglas Alexander Lab Co-op Lothian East
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK government is ending negotiations on a bilateral investment treaty with Singapore.
- British investors in Singapore are now covered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
- Government plans to focus on promoting investment and enhancing digital trade cooperation through existing agreements like the DEA and CPTPP.
Issue summary
The UK government is ending negotiations on a bilateral investment treaty (BIT) with Singapore.
Action requested
Negotiations will be discontinued as British investors in Singapore are now covered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The government plans to focus on promoting investment, boosting economic growth, and enhancing digital trade cooperation through existing agreements like the DEA and CPTPP.
Key facts
- Negotiations launched in March 2023.
- UK joined CPTPP in December 2024.
- UK-Singapore investment stocks: £15.7 billion for UK investments in Singapore, £19.3 billion for Singapore investments in the UK.
- Seven Memoranda of Understanding signed alongside the DEA.
- Trade digitalisation pilots reduced trade processing time by 40%, paperwork by 89%, and improved staff productivity by 67%.
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Assessment & feedback
Summary accuracy