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 10:20 2016 Friday ,12 August

Syrian child refugees to Pope of new life in Rome

GMT 12:11 2017 Saturday ,08 April

Estée Lauder introduces Pure Color Love collection

GMT 19:02 2017 Wednesday ,18 October

Singer Sahar Sedky prepares for new artistic work

GMT 08:21 2018 Monday ,19 November

Russia expects new joint energy projects with Vietnam

GMT 19:32 2018 Sunday ,07 October

Deputy King Prince Salman meets HRH Premier

GMT 22:27 2018 Friday ,12 January

Minister to attend Abu Dhabi Sustainability Week

GMT 11:39 2011 Wednesday ,08 June

Opel\'s new sporty Astra GTC

GMT 03:35 2017 Thursday ,28 December

steps down as 2018 World Cup organising committee chief

GMT 00:40 2013 Thursday ,28 March

Greek Cypriot banks to reopen on Thursday

GMT 12:07 2017 Wednesday ,15 February

Timeline — GCC-Iran Relations
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