UK, Singapore Strengthen Economic Ties, Boost Bilateral Trade to £23.4B
The UK and Singapore have strengthened their economic ties with the 8th UK-Singapore Economic and Business Partnership Steering Committee. The event, co-chaired by Gareth Davies CB and Dr Beh Swan Gin, discussed mutual affirmation of international rules and support for multilateral organisations. Bilateral trade between the two nations reached £23.4 billion last year.
The Steering Committee, held on 25th September 2025, saw Gareth Davies CB, Permanent Secretary of the Department for Business and Trade, join forces with Dr Beh Swan Gin, Permanent Secretary of the Ministry of Trade and Industry, in Singapore. They discussed the rules-based international system and backed multilateral organisations like the World Trade Organisation.
The event also included a business gathering, organised by the Permanent Secretaries. It brought together representatives from UK and Singapore businesses and investors. They explored opportunities in the UK's new Industrial Strategy and Singapore's National Strategy. However, specific details about participating companies and investors remain unavailable.
The UK and Singapore have agreed to continue collaborating in areas such as Industrial Strategy, digital trade, and the green economy. As Singapore is the UK's 20th largest trading partner, both nations stand to benefit from this ongoing cooperation.
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