Written Question·Department for Business and Trade·UIN 100698
Financial Services: South Korea
Tabled: 16 December 2025
Answered: 22 December 2025
Question
Mr Joshua Reynolds
Liberal Democrat — Maidenhead
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that UK financial services firms can effectively use the (a) data localization and (b) transparency commitments in the UK-South Korea Free Trade Agreement.
Answer
Chris BryantAlthough we have concluded negotiations, we have not yet reached signature, let alone ratification, so this question is premature. However DBT’s Free Trade Agreement Utilisation team helps businesses understand and benefit from the UK’s new Free Trade Agr...
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