- Registration date2024-03-19
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Director General for FTA Negotiations Chang Sung-gil at the Ministry of Trade, Industry and Energy (MOTIE) is heading the Korean delegation in the second official round of negotiations for upgrading the Korea-UK Free Trade Agreement (FTA) to be held through March 19-22 in London. The UK delegation will be led by Adam Fenn, Chief Negotiator at the UK's Department for Business and Trade.
With the Korea-UK FTA signed in 2019 and having come into force in 2021 on the heels of Brexit, the two countries declared the launch of negotiations for the upgrade of the bilateral FTA upon the occasion of President Yoon Suk Yeol’s state visit to the UK last November, and the first negotiating round was held this January in Seoul.
In this second negotiating round, the Korean government aims to strengthen comprehensive and cooperative trade relations and discuss the introduction of new trade rules through negotiations on service, digital, SMEs and Good Regulatory Practices (GRP).
Korea anticipates that the upgrade of the bilateral FTA will contribute to expanding exports and investment through reinforcing advanced trade solidarity with the UK, one of Korea’s core friendly nations, while also stabilizing the supply chain and enhancing cooperation in areas like gender and clean energy.