UK and Singapore signs free trade agreement

Singapore and the UK have signed a free trade deal in the Southeast Asian city-state.

Britain’s secretary of state of international trade, Liz Truss, and Singapore’s trade minister, Chan Chun Sing, signed the deal at a ceremony in Singapore.

The agreement removes tariffs and gives both countries access to each other’s markets in services.

It will also cut non-tariff barriers for electronics, cars and vehicle parts, pharmaceutical products, medical devices and renewable energy generation

The deal comes as UK Prime Minister Boris Johnson and the European Union’s chief executive gave themselves until the end of the weekend to seal a new trade pact, following a three-hour dinner that left the two sides far apart.