Commons Sense

House of Commons · Written Ministerial Statement

Upgraded Free Trade Agreement with the Republic of Korea: Round Five of Negotiations

21 July 2025 · Department for Business and Trade

Proposed by Douglas Alexander Lab Co-op Lothian East

Business & Trade

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

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At a glance

Key points

  • The fifth round of negotiations for an upgraded Free Trade Agreement between the UK and South Korea has been held.
  • The agreement aims to strengthen trade relations and promote economic growth between the two countries.
  • Further negotiations are anticipated in Autumn 2025.

Issue summary

The statement discusses the fifth round of negotiations for an upgraded Free Trade Agreement (FTA) between the UK and South Korea, aimed at strengthening trade relations and economic growth.

Action requested

The Government will continue to negotiate and work towards securing an FTA that aligns with national interests and high standards. Further discussions are expected in Autumn 2025.

Key facts

  • Total trade between the UK and South Korea was worth £15.4 billion in 2024.
  • Negotiations covered rules of origin, digital trade, services, and other areas such as SPS Measures and TSD.
  • The Government will uphold high standards across sectors including protections for the NHS.
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