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Upgraded Free Trade Agreement with the Republic of Korea: Round Five of Negotiations
21 July 2025
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
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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