BBC local time on the 10th reported that the United Kingdom and Singapore signed a free trade agreement on the same day.
According to the report, the agreement covers commodity trade between the two countries worth more than $22 billion.
It is reported that the agreement largely continues the existing agreement between Singapore and the European Union and is considered as part of the broader trade negotiation plan of the United Kingdom, trying to continue the original trade agreement after the end of the “Brexit” transition period.
This is also the first free trade agreement between Britain and ASEAN countries.
A day ago, after a meeting with European Commission President von der Leyen, British Prime Minister Johnson said that the British-European trade negotiations were “very difficult” and that “there are still major differences between the two sides”.
