APSCo welcomes digital trade deal with Singapore
The Association of Professional Staffing Companies (APSCo) has welcomed the recent announcement that the UK has reached an agreement in principle with Singapore, in what is being coined the “world’s most comprehensive digital trade deal”.
The UK Singapore Digital Economy Agreement (DEA) will make it easier for UK staffing businesses to target new opportunities in both Singapore and other lucrative Asian markets, an APSCo statement said.
Tania Bowers, global public policy director at APSCo, said: “This agreement in principle is welcome news for UK staffing firms that are expanding their international remit. Our members are increasingly diversifying their global reach, and with Brexit creating hurdles for many looking to tap into the European market, this deal in Asia is a positive move.
“A third of our exports are already digitally delivered to Singapore and cross-country trade between the two destinations was worth £16bn in 2020. This latest development will certainly bolster the digital economy, a sector that is worth £151bn to the UK.
“For staffing businesses, this digital trade deal will make it far easier to tap into the lucrative digital market across Asia.”
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