FTA
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South Korea, Britain sign upgraded FTA easing rules of origin for Korean cars, consumer goods
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South Korea and Britain have signed an upgraded free trade agreement in London, easing rules of origin for Korean automobiles and consumer goods while opening markets in high-speed rail and online gaming. The deal, following two years of negotiations, was jointly signed by Korean Trade Minister Yeo Han-koo and his British counterpart, Chris Bryant. The original FTA was signed in 2019 and implemented in 2021.
Trade Minister Yeo Han-koo will visit Mexico next week to broaden outreach for resuming free trade agreement negotiations with the country. The trip aims to address challenges facing Korean companies amid recent shifts in Mexican trade policy.