Forum: UK-Singapore partnership exemplifies value of open trade

This week marks one year since the United Kingdom joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In a year that has tested the resilience of global trading systems, CPTPP offers something increasingly valuable: a rules-based framework built on high standards and mutual benefit.

For the UK, CPTPP membership is about more than securing market access. It is a statement about the kind of trading nation we intend to be: one that looks outwards, champions open markets and builds global partnerships. The recent CPTPP-ASEAN dialogue demonstrates this commitment, creating bridges between two of the world’s most dynamic trading blocs.

For Singapore, our shared CPTPP membership complements an already robust trade relationship supported through agreements like the UK-Singapore Free Trade Agreement and Digital Economy Agreement. But CPTPP’s significance extends beyond commercial advantage. It reaffirms our shared commitment to high standards and open trade – values that have defined our bilateral relationship over 60 years of diplomatic ties.

As we enter our second year of CPTPP membership, the UK remains committed to championing its growth, supporting aspiring members who share our vision for open, rules-based trade, and deepening partnerships like ours with Singapore. Our trade relationship, now valued at £25.6 billion (S$44 billion) annually, has grown by 12.7 per cent over the past year. This continues to expand across fintech, advanced manufacturing, green energy, and professional services.

In turbulent times, enduring partnerships built on shared values, robust institutions and mutual prosperity remain our strongest assets as we make the UK the best place for business to start, grow, invest and stay.

Nik Mehta

British High Commissioner to Singapore