What is the UK South Korea Trade Deal?
The UK Government has been working on a potential new trade deal with South Korea. The consultation period ran from December 2022 to February 2023. A new UK South Korea trade deal would replace the existing deal which currently mirrors the deal the EU signed in 2011. The UK’s continuity free trade agreement was signed in 2020 post-Brexit.
South Korea is the one of the largest economies in the world and is the UK’s 21st largest export market. South Korea accounts for 1.1% of UK exports.
Will my Business Benefit from the UK-South Korea Trade Deal?
Currently there are preferential tariffs on some commodities for import from South Korea, to check your commodity codes, enter them here and select South Korea, the result will display whether there is a tariff preference.
If you have a shipment to or from South Korea and would like a quote, whether it is sea or air freight contact our team either by calling the office on (+44) 02392 756 575, emailing sales@mercatorcargo.co.uk, or by completing the form below and someone will be in touch with you.
