The International Trade Secretary is opening talks with her Singaporean counterpart to broker a Digital Economy Agreement (DEA). No other European country, nor the European Commission, has held negotiations on such a deal before.
The radical new proposals would see red tape between the two economies slashed, opening new opportunities for British businesses.
The UK already does £3.2billion worth of digital trade with the Asian nation with hopes of ramping up exports once a new agreement is signed.
Last year 70 percent of UK services exports, from financial and legal services to music streaming and e-books, were digitally delivered to Singapore.
In total the UK exported £207billion in digital services in 2019.
Mr Truss hailed the opening of talks as proof of the benefits of Brexit and she set out her ambition for Global Britain.
She said: “We are becoming more flexible, more nimble and less defensive in our approach to trade.
“Our ambition is to make the UK a global hub for services and digital trade, by striking a series of advanced,…
