Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential barriers to UK investment in Singapore.

UK companies and investors experience relatively few barriers to investment in Singapore. At the end of 2023, the stock of Foreign Direct Investment from the UK in Singapore was £15.9 billion, a 23% increase on the end of 2022.

UK investors can benefit from provisions in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which provides guarantees on market access and treatment they will receive when accessing and operating in Singapore. This includes ensuring that they are not discriminated against relative to domestic investors.

The Government continues to invite business views and feedback regarding any potential barriers.