Today, Singapore remains one of the UK’s vital trading partners in Southeast Asia. The close historical ties have paved the way for strong economic relations.

Its geographical location in the heart of Southeast Asia makes it an ideal springboard for accessing the wider region, including Malaysia, Indonesia, Thailand, and beyond.

The city-state’s robust infrastructure, including a world-class port and international airport, further facilitates trade and connectivity.

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Singapore is also known for its political stability and sound economic policies. It consistently ranks as one of the world’s most competitive and business-friendly nations, offering a secure environment for investments and trade.

The island state’s pro-business policies, ease of doing business, and low tax rates for foreign companies are very appealing. It is renowned for its efficient bureaucracy and supportive regulatory environment.

Singapore has an extensive network of free trade agreements (FTAs), including the UK-Singapore FTA. This agreement, which came into force in January 2021, provides favourable trade terms for British companies exporting to Singapore.

The UK is Singapore’s third and second-largest trading partner for goods and services with the total trade valued at over US$22 billion.

The historical relationship between Singapore and the United Kingdom, rooted in commerce and diplomacy, has evolved into a contemporary trading partnership that benefits both nations.

For British enterprises, exporting to Singapore offers a multitude of advantages, from a strategic location and political stability to a business-friendly environment and access to regional markets.

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