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South Korea agrees deal with UK for post-Brexit trade

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The UK and South Korea have signed a free trade agreement that seeks to maintain existing trade arrangements post-Brexit.

International Trade Secretary Liam Fox signed the deal with his South Korean counterpart Yoo Myung-hee in Seoul.

The preliminary agreement marks the first post-Brexit trade deal the UK has secured in Asia. It is said, it would cover South Korean exports including cars and auto parts.

South Korea exports mostly cars and ships to Britain, while it imports crude oil and cars.

The agreement is designed to provide stability under a no-deal Brexit, with the UK due to leave the EU on 31st October, with or without a deal.

SourceBBC

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