LONDON: Britain and South Korea on Thursday signed a deal that will allow the two countries to keep trading freely after Brexit.The deal rolls over existing provisions under an EU trade deal and protects annual bilateral trade flows worth £14.6 billion (16 billion euros, $17.7 billion) in 2018. The move was hailed by two major exporters to South Korea — luxury carmaker Bentley and the Denby Pottery Company.“My priority is to make sure that British businesses are fully prepared for Brexit,” International trade Secretary Liz Truss said in a statement. Truss signed the agreement with South Korean trade Minister Yoo Myung-Hee. “Today’s signing of the FTA (Free trade Agreement) will remove much Brexit uncertainty out of our long, valuable economic partnership,” Yoo said.It is Britain’s first post-Brexit trade deal in Asia and follows similar agreements with nations including Chile, Iceland, Norway and Switzerland.
08-23-2019, 08:36 AM
Britain, South Korea sign Brexit trade deal
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