UK, South Korea Launch Talks to Upgrade FTA
U.K. negotiators flew to Seoul this week to begin talks on upgrading a trade deal with South Korea that was negotiated more than a decade ago. The U.K. specifically wants to put in place “digitalised customs procedures,” simplified rules of origin and “reduced or zero tariffs” for exports to South Korea, adding that it wants to take better advantage of South Korea’s “booming import demand.”
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The trade talks are among several underway this year by the new Labour-led U.K. government, including negotiations with Switzerland (see 2410300048).