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Update on United Kingdom – Republic of Korea Free Trade Agreement Negotiations, Round 2

17 April 2024

Proposing MP
Chelsea and Fulham
Type
Written Ministerial Statement
Department
Department for Business and Trade

At a Glance

Issue Summary

The statement is about an update on the second round of United Kingdom-Republic of Korea Free Trade Agreement negotiations.

Action Requested

No specific action is requested. The minister informs that the third round of negotiations will take place in June 2024 and reiterates the UK's commitment to maintaining high environmental, labour protections, public health standards, and the NHS exclusion from the agreement.

Key Facts

  • The second round of UK-RoK FTA negotiations took place during the week commencing 18 March 2024.
  • Technical discussions were held in London with some sessions conducted virtually.
  • The third round is scheduled for June 2024.
  • Negotiations covered 17 policy areas including Professional and Business Services, Cross-Border Trade in Services, Financial Services, Mobility, Investment, Digital, Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Gender, Procurement, Competition, State Owned Enterprises, Small and Medium Enterprises, Goods Regulatory Practice, Labour.
  • The UK remains committed to maintaining high environmental and labour protections, public health standards, animal welfare, food safety, and the right to regulate in the public interest.
Assessment & feedback
Summary accuracy