The free trade agreement talks with India began in January 2022, under the then UK Conservative government. The target was to significantly boost the GBP 38.1 billion a year UK-India trading partnership.
Tag: Global economy
Global IT outage: Josephine Teo says Singapore must “fortify” digital defences during “peacetime”
Stressing upon the importance of measures to counter digital disruption, the Singapore minister said that updated Business Continuity Plans and regular Tabletop Exercises were vital.
Temasek reports SGD 389 billion Net Portfolio Value in FY24, up by SGD 7 billion from FY23, based on RoI from US and India
One of the Indian companies that benefited from Temasek’s sustainability-oriented investments was the electric vehicle manufacturer Mahindra Electric Automobile.
India developing Chabahar Port in Iran to create new Eurasian trade routes and de-risk commerce
The 10-year agreement on the Chabahar Port was signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran.
Singapore is again No. 1 among 67 competitive economies in the post-pandemic world
Summarising the findings of WCR 2024, an IMD blog said: “Singapore is the most competitive economy out of 67 across the world’s eight major regions.”
G7 Summit commits to promoting India-Middle East-Europe Economic Corridor
The G7 Communique was issued after the customary “family photo” at the luxury resort of Borgo Egnazia, where the G7 also reiterated a commitment to a “free and open Indo-Pacific” based on the rule of law.
Singapore hosts IPEF Clean Economy Investor Forum; projects worth USD 23 billion identified
Organised by the Singapore Ministry of Trade and Industry alongside the 13 other IPEF partners, the Investor Forum aimed to facilitate high-quality business and capital matching, and build connections.
Global economic growth improves but ‘downsides’ lurk, unveils UN report
The world economy is forecast to grow by 2.7 per cent in 2024, up from 2.4 per cent projected at the start of the year. Growth will reach 2.8 per cent in 2025, representing a slight increase.
India on track to become USD 10 trillion economy; set for 3rd largest slot, says WEF chief
Borge Brende was in New Delhi to participate in the ‘Raisina Dialogue 2024’, held on February 21-23, 2024, organised by the Indian Ministry of External Affairs.
Global economy expected to weaken in 2024, says World Economic Forum report
More than half of chief economists (56%) expect the global economy to weaken this year, while 43% foresee unchanged or stronger conditions.
