Advantages of the CPTPP Deal for Food and Drink Trade Between the UK and Singapore

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has unlocked significant opportunities for businesses trading food and drink products between the UK and Singapore. This trade agreement reduces tariffs, simplifies customs processes, and strengthens economic ties, making it a valuable framework for the food and drink sector.

Key Benefits for Food and Drink Traders:

  1. Tariff Reductions: The CPTPP eliminates or reduces tariffs on many food and drink products, making trade more cost-effective for businesses.
  2. Streamlined Customs Procedures: Commitments to expedite customs clearance ensure that perishable goods like fresh produce and frozen foods are processed quickly.
  3. Expanded Market Access: UK companies gain better access to Singapore’s market, while Singaporean businesses can more easily reach UK consumers.
  4. Support for SMEs: The agreement includes provisions to help small and medium-sized enterprises (SMEs) engage in international trade, fostering growth for smaller producers.
  5. Enhanced Trade Stability: By diversifying trade partnerships, businesses can reduce reliance on single markets and build more resilient supply chains.

Top 10 Food and Drink Imports and Exports Between the UK and Singapore:

The trade relationship between the UK and Singapore is robust, with both nations benefiting from each other’s unique offerings in the food and drink sector. Here’s a look at the top imports and exports, including frozen foods, drinks, and alcohol:

UK Exports to Singapore:

  1. Whisky and other spirits
  2. Confectionery (chocolates and sweets)
  3. Dairy products (cheese and butter)
  4. Frozen ready meals
  5. Soft drinks and juices
  6. Biscuits and baked goods
  7. Craft beers
  8. Sauces and condiments
  9. Canned goods (soups and vegetables)
  10. Frozen seafood

UK Imports from Singapore:

  1. Beer (including craft beers)
  2. Spirits (including gin and vodka)
  3. Frozen seafood
  4. Sauces and condiments
  5. Soft drinks and juices
  6. Confectionery (chocolates and sweets)
  7. Frozen ready meals
  8. Biscuits and baked goods
  9. Canned goods (soups and vegetables)
  10. Dairy products (milk and cream)

The CPTPP deal not only strengthens the trade relationship between the UK and Singapore but also ensures that businesses in the food and drink sector can thrive in a competitive global market. By reducing trade barriers and fostering collaboration, this agreement sets the stage for a prosperous future for both nations.

For more information about our logistics services to and from the UK to Peru, please email trading@cptpp.co.uk

Success Story: Fortnum & Mason's successful Marina Bay Sands boutique

United Kingdom Exports to Singapore

Key Regulations

– No import duties

– AVA food safety certification

– Strict expiry date labelling

– Halal certification expands reach

Key UK Export Codes for Singapore (Food & Beverages)

 

Product UK Export Code (Trade Tariff) Singapore Import Code (HS 2024)    
Scotch Whisky 2208 30 00 00 2208.30.00    
Cheddar Cheese 0406 90 31 00 0406.90.90    
Chocolate (>2kg blocks) 1806 31 00 00 1806.31.00    
Gin 2208 70 00 00 2208.70.00    
Smoked Salmon 1604 11 00 00 1604.11.00    
Black Tea (Packaged) 0902 30 00 00 0902.30.00    
Malt Beer 2203 00 00 00 2203.00.00    

 

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