29 C
Guwahati
Tuesday, May 21, 2024

UK PM Rishi Sunak signs new strategic pact with Singapore in India

- Advertisement -
- Advertisement -

LONDON, Sept 9 (PTI): British Prime Minister Rishi Sunak has agreed a new strategic partnership
with Singapore during a meeting with Prime Minister Lee Hsien Loong on the margins of the G20
Summit in New Delhi on Saturday.
Following the new UK-Singapore Strategic Partnership, Downing Street said both countries will work
to conclude a ”new and modern” bilateral investment treaty – the first the UK has negotiated since
Brexit.
The pact is expected to give Singaporean companies more confidence to invest in the UK and vice-
versa, creating jobs and growth for both economies.
“This new agreement with Singapore will take us even further in delivering our priorities and ensure
that, as we map the future of the world economy, we are doing so alongside our closest partners,”
said Sunak in a statement from Delhi.
“As Prime Minister, I’ve put the interests of the British people front and centre of my international
engagement. I am ensuring that diplomacy delivers. You have already seen that through deals that
will stop illegal migration, make our economy more secure and increase trade with our international
partners,” he said.
Downing Street pointed out that the UK has forged a number of new bilateral and multilateral
partnerships since Sunak took charge as Prime Minister, with an FTA with India still some way to go
after 12 rounds of negotiations.
“We are in the process of negotiating further free trade agreements (FTAs), including a deal with
India which would be the first the country has signed with a European country,” it said.
In addition to enhanced economic cooperation, the new UK-Singapore Strategic Partnership is
expected to strengthen security cooperation, science and technology innovation, and research and
development.
This includes collaboration to counter new and emerging threats in domains like cyber, through a
first-of-its-kind partnership between Singapore’s new Digital and Intelligence Service and the UK,
Downing Street said.
According to official data, the UK-Singapore trade relationship is worth 21 billion pounds,
accounting for 40 per cent of Britain’s total trade with Southeast Asia, and Singaporean entities have
a total of 226 billion pounds invested in the UK.
Sunak arrived in New Delhi on Friday for the G20 Leaders’ Summit and started the three-day visit
with an interaction with British Council students and staff with wife Akshata Murty ahead of the first
set of official multilateral discussions taking place on Saturday.
“15 years ago, G20 leaders came together for the first time to restore global growth after the
financial crisis. We meet at a time of enormous challenges – the world is looking to the G20 once
again to provide leadership. Together I believe we can address these challenges,” he tweeted from
the summit. PTI

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -