Trade Agreements and Treaties
The question
To ask the Secretary of State for Business and Trade, what review process the Department has in place to assess the suitability of (a) the UK-Singapore Bilateral Investment Treaty and (b) other trade and investment treaties.
Answered by Chris Bryant
The UK’s International Investment Agreements (IIAs) aim to enhance opportunities for UK businesses to expand overseas, with commitments that seek to limit the barriers they face, make it easier to navigate local rules, and ensure investments are treated lawfully, and protected against unfair or arbitrary action.
The UK draws on the full range of investment commitments and international best practice in our international investment agreements to promote growth, deliver our clean energy goals, and continue to uphold the UK’s right to regulate and build strong trade and investment relationships. There is no specific review process within such Agreements.
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