The British government has announced a partnership with Singapore aimed at boosting the economy and strengthening shared security, making it the UK’s first treaty since leaving the European Union. British Prime Minister Rishi Sunak will meet Singaporean counterpart Lee Hsien Loong at the G20 Summit in India to officially sign the partnership and work towards concluding a bilateral investment treaty. The partnership aims to increase confidence for Singaporean companies to invest in the UK and vice versa, and create more job opportunities.
In addition to economic growth, the partnership will also focus on enhancing security cooperation, science and technology innovation, and research and development. This includes collaborating on countering cyber threats through a partnership between Singapore’s Digital and Intelligence Service and the UK. Prime Minister Rishi Sunak expressed his optimism about the new agreement, stating that it will help deliver key priorities and ensure that as the world economy evolves, the UK is doing so alongside its closest partners.
The leaders are currently in New Delhi to attend the G20 summit, and this marks Sunak’s first official trip to India since taking office in October of last year.