Trade Agreements: South Korea
The question
To ask the Secretary of State for Business and Trade, if he will take steps with Invest NI and the Northern Ireland Executive to ensure that the trade deal between the UK and South Korea impacts all areas of the United Kingdom.
Answered by Chris Bryant
The FTA between the UK and the Republic of Korea will apply to all parts of the UK, including Northern Ireland. DBT have worked closely with the Devolved Governments throughout the negotiations. Digitised trade provisions and new rules of origin will benefit Northern Ireland by supporting easier export of products such as pharmaceuticals, a key export from Northern Ireland to the Republic of Korea.
DBT’s Free Trade Agreement Utilisation team will help businesses understand and benefit from the new UK-Republic of Korea FTA, working in partnership with businesses and their representatives from across the whole UK, including Northern Ireland.
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