The UK and South Korea on Dec. 15 finalized an upgraded free trade agreement aimed at locking in tariff-free access for most goods and expanding digital and services trade.
The agreement was announced in London by UK Trade Minister Chris Bryant and South Korean Trade Minister Yeo Han-koo, after six formal rounds of negotiations and five ministerial-level trade meetings.
It updates a continuity deal first signed in 2021 to prevent trade disruption after Britain left the European Union.
The South Korea deal is the fourth trade agreement concluded this year by Britain’s Labour government, which took office in July last year, following deals with the United States, India, and the European Union….
UK, South Korea Seal Upgraded Trade Deal to Lock in Tariff-Free Access, Boost Service Exports
