The Rt. Hon. Liam Fox MP, Secretary of State for International Trade, outlines UK priorities for trade negotiations at a special briefing for members

Dr. Liam Fox MP address Chamber members and guests on 21st February 2017

“The EU Referendum vote has given the UK a golden opportunity to recast our place in the world, and the ability to shape our own destiny”

 

Dr. Liam Fox MP said during a speech given to members and guests of the British Chamber of Commerce Singapore at an exclusive event; part of a scheduled 3 day visit incorporating various opportunities for conversation with Singaporean and British businesses.

 

In light of the substantial task ahead in negotiating multiple trade agreements for the UK with countries who each have their own priorities to balance, Dr. Fox spoke of the steps his department have already taken to increase resources and capabilities in the Trade Policy team and their key priorities of working to remove barriers to free trade, building strong ties with key growth nations and minimising the potential disruption and uncertainty to business.

 

Dr. Fox was keen to reiterate the message that the UK has not chosen to turn away from Europe, but rather to choose a new relationship for the future with its European neighbours.

 

In discussing Singapore’s potential place in the global network of trade partners, Dr. Fox commented that the ASEAN region countries, including Singapore, had the potential to become some of the most important partners for the UK. Singapore is the UK’s largest trading partner in Southeast Asia.

 

Speaking in advance of Dr. Fox’s visit, His Excellency Scott Wightman, the British High Commissioner in Singapore, who was also in attendance at the lunch, said:

 

Dr Liam Fox’s visit to Singapore highlights the deep and enduring links between Singapore and the United Kingdom and the new opportunities to deepen the relationship as the UK leaves the European Union. During his visit, Dr Fox will meet Singapore leaders, business partners and key investors. He will underline the UK’s commitment to free trade and will reiterate the message that the United Kingdom is open for business and the most attractive destination for investment, trade and business in Europe.”

 

British Chamber of Commerce President, Dr. Bicky Bhangu, highlights the strength of the continued business relationship between the UK and Singapore:

 

With the support of the Department for International Trade here in Singapore and in the UK, our member companies can continue to finalise their plans for 2017 and beyond, confident in the knowledge that trade negotiations led by Dr. Fox and his team will reflect a policy of growth, stability and with a view to capitalising on the assets and strengths of both countries. We look forward to receiving more updates from the Department as these negotiations become public in due course.”

 

 

Dr. Fox meets Chamber members and guests

 

 

 

Dr. Fox and Dr. Bicky Bhangu, BritCham President, discuss trade negotiation priorities

 

 

 

Dr. Bicky Bhangu, BritCham President, greets Dr. Fox and HE Scott Wightman, British High Commissioner, on their arrival

 

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