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UK and South Korea finalize 2025 free trade deal, granting tariff-free access to 98% of South Korean imports and protecting £2B in UK exports.
The UK and South Korea have finalized a new free trade agreement effective in 2025, averting potential tariff increases and securing tariff-free access to 98% of South Korean tariff lines, protecting £2 billion in UK exports.
The deal boosts services trade by £400 million, supports jobs in sectors like automotive, pharmaceuticals, and financial services, and simplifies rules of origin for supply chains.
It enhances market access for British goods including Scotch whisky, Guinness, and luxury vehicles, with businesses and industry groups welcoming the agreement as a boost to growth and investment.
The pact marks a key step in post-Brexit trade strategy, aligning with broader efforts to strengthen global economic ties.
El Reino Unido y Corea del Sur finalizan el acuerdo de libre comercio de 2025, otorgando acceso libre de aranceles al 98% de las importaciones surcoreanas y protegiendo £ 2B en las exportaciones del Reino Unido.