UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement
There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s. The idea was dubbed as “Singapore-on-Thames” by the British media. Since the UK and EU trade and economic agreement (TEA) in December 2020, speculation over the UK becoming a supposedly regulation-light jurisdiction accessing the EU’s Single Market, was effectively quashed by the TEA’s restrictive conditions on aligning competition policy, commonly referred to as the “level-playing field”. Read More.