Written Question·Department for Business and Trade·UIN 106489
Trade Agreements: South Korea
Tabled: 19 January 2026
Answered: 22 January 2026
Question
Liam Byrne
Labour — Birmingham Hodge Hill and Solihull North
To ask the Secretary of State for Business and Trade, what the increase in UK GDP will be from the upgraded UK-Republic of Korea agreement.
Answer
Chris BryantThe upgraded UK-Republic of Korea (RoK) Free Trade Agreement (FTA) guarantees permanent tariff-free access to 98% of RoK’s lines, ensuring £2 billion of UK goods exports at risk of additional duties can continue to benefit from reduced tariffs. New servic...
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