South Korea and the United Kingdom have concluded negotiations on an upgraded free trade agreement, easing rules of origin for Korean automobiles and consumer goods exports to the UK, while expanding market access for Korean firms in Britain’s high-speed rail and services sectors.
Korea’s Ministry of Trade, Industry and Resources said Tuesday that Minister Yeo Han-koo and his UK counterpart, Chris Bryant, met in London a day earlier and jointly signed the deal, concluding two years of negotiations.
The agreement builds on the bilateral free trade pact
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