<-- Back to proposed bills
UK-South Korea Trade Agreement Update
09 December 2022
Type
Written Ministerial Statement
Department
Department for International Trade
At a Glance
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.
▸
Assessment & feedback
Summary accuracy