Singapore and the United Kingdom have signed a free trade agreement, bringing positive news for Boris Johnson’s government as it continues to be locked in negotiations with the European Union (EU) over its future relationship with the bloc.
Beijing is determined to pursue their infrastructure projects in dozens of countries as part of its Belt and Road Initiative, one of the biggest construction efforts in human history. However, their efforts on Sri Lanka has raised questions about sovereignty.
Britain is planning to suspend retaliatory tariffs that were implemented on goods from the United States as part of a disagreement over aircraft subsidies from January 1.
Britain and Japan officially inked a bilateral free trade agreement during a ceremony in Tokyo on Friday, signifying the U.K.’s first major post-Brexit deal on trade amid the country’s intense round of negotiations with its closest trading partners in the European Union.
India’s government has considered creating a formal trade deal with Taiwan as both countries see that their connections with China are starting to deteriorate.