South Korea has long been a strong trade partner for Britain. According to the Office of National Statistics, trade between the UK and South Korea was £13 billion in the year June 2020 to June 2021. This trading relationship was enhanced with the Free Trade Agreement (FTA) between the two countries, signed three years ago. In this time, pandemic-ravaged global supply chains and growing climate concern have presented considerable challenges.
On the first anniversary of the agreement going into effect, Chatham House welcomes Minster for Trade for South Korea Han-Koo Yeo to discuss what the agreement means for the trading future between the UK and South Korea. The discussion will explore the depth of the year-old trading arrangement between the two countries, cooperation on emerging trade challenges.
Key questions our panel discusses include:
One year on from the becoming effective of the FTA, what areas do need to be updated in the FTA rule book?
How does UK-Korea trade address emerging trade challenges such as supply chain, trade and technology, digitalization, public health and climate change?
What kind of cooperation is needed between UK and Korea in the multilateral contexts, including the WTO?
This event forms part of Chatham House’s continuing work on revitalising multilateralism. Explore Chatham House’s work on global trade by visiting the Global Trade Policy Forum page.This multi-year initiative is the focal point for Chatham House research, partnerships and events concerning global trade.
As with all Chatham House member events, questions from members drive the conversation.