Business Secretary Vince Cable today welcomed the signature of the EU-South Korea Free Trade Agreement (FTA) in Brussels.
Commenting on the signature of the FTA, Vince Cable said:
“The signing of the FTA at the European Council today is certainly going to boost the already significant trade relationship between the EU and South Korea. With the FTA estimated to be worth £500 million per year to the UK, the value of this deal to both nations is immense.”
Minister for Trade Policy, Edward Davey said:
"The UK has worked hard to conclude this ambitious agreement and the outcome today has seen the EU take significant steps in expanding our trade relationship with South Korea. This deal with bring real benefits and I am pushing with colleagues across the EU for further such trade deals as soon as possible".
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