Commons Sense

House of Commons · Written Ministerial Statement

UK-South Korea Trade Agreement Update

09 December 2022 · Department for International Trade

Proposed by Kemi Badenoch Con North West Essex

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The Department for International Trade has launched a public Call for Input on a future Free Trade Agreement between the UK and South Korea.
  • Businesses, public sector bodies, individuals, and other interested stakeholders are invited to participate by outlining their priorities for closer trading ties with South Korea.
  • The Government will use the feedback to shape its approach to negotiations and develop a negotiating mandate before launching formal talks.

Issue summary

The Department for International Trade has launched a public Call for Input on a future Free Trade Agreement between the United Kingdom and South Korea.

Action requested

Businesses, public sector bodies, individuals, and other interested stakeholders are invited to participate in the Call for Input by setting out their priorities for closer trading ties with South Korea. The Government will use this feedback to shape its approach to negotiations and develop a negotiating mandate before launching formal talks next year.

Key facts

  • UK-South Korea trade was worth £14.3 billion in 2021.
  • South Korea is the world’s 10th largest economy with almost 52 million people.
  • The Call for Input will run for eight weeks.
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