s korea britain agree on cooperation for postbrexit trade deal
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

S. Korea, Britain agree on cooperation for post-Brexit trade deal

Arab Today, arab today

Arab Today, arab today S. Korea, Britain agree on cooperation for post-Brexit trade deal

Kim Dong-yeon and Liam Fox.
Sejong - Yonhap

South Korea and Britain agreed to cooperate on a bilateral free trade deal in order to maintain their strong economic ties even after London exits the European Union, Seoul's finance ministry said Friday.

The agreement came at a meeting in Seoul between South Korean Finance Minister Kim Dong-yeon and Britain's International Trade Minister Liam Fox.

South Korea and Britain have been in working-level talks on establishing a new trade deal once London exits the European Union.

Seoul signed a free trade agreement with the EU in 2011, but it will have to strike a fresh arrangement with London once Britain formally leaves the 28-nation bloc in 2019.

Britain is South Korea's second-largest trading partner in Europe, with bilateral trade volume having increased from $8.79 billion in 2011 to $13.52 billion in 2015, according to government data.

South Korea's auto industry has benefited most from the implementation of the FTA with the EU, while Britain's exports of crude oil, vehicles and cosmetics have greatly increased over the past six years.

The British minister promised support for the improvement of inter-Korean relations and the denuclearization of the Korean Peninsula, according to the ministry.

The two countries will also cooperate on fighting trade protectionism and strengthening the global financial system, it added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea britain agree on cooperation for postbrexit trade deal s korea britain agree on cooperation for postbrexit trade deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea britain agree on cooperation for postbrexit trade deal s korea britain agree on cooperation for postbrexit trade deal

 



GMT 15:46 2018 Wednesday ,12 December

Festive Fashion by Dubai-based designer ASMARAÏA

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 10:03 2018 Monday ,10 December

23 Palestinians arrested in West Bank

GMT 09:47 2018 Monday ,10 December

Russian ex-policeman convicted over 56 murders

GMT 19:01 2018 Thursday ,04 October

LEAD S. Korean firms offer aid for quake-hit Indonesia

GMT 11:02 2018 Tuesday ,11 December

ASE opens trading on lower note

GMT 14:08 2018 Friday ,14 December

Bank of Russia raises key rate

GMT 17:37 2017 Thursday ,04 May

Heba Rosas reveals foods that improve mood

GMT 05:35 2017 Thursday ,23 March

ECB: Protectionism may raise trade deficits

GMT 02:48 2017 Thursday ,23 November

tour guide sheds light on forest tourism

GMT 05:08 2017 Thursday ,04 May

Rising US oil production knocks OPEC off course

GMT 06:32 2017 Wednesday ,19 April

Volkswagen plans all-electric car for China next year

GMT 08:47 2015 Saturday ,31 October

New York braces for $2bn bumper autumn art sales
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday