Liam Fox - Latest News Update, Information, Photos & Videos on Liam Fox at Lokmat Times

South Korean Trade Minister Yoo Myung-hee and her British counterpart Liam Fox on Monday gave their approval in Seoul to the conditions of the "emergency bridge agreement" which will maintain practically the same tariff regime that exists between the two countries according to the FTA between South Korea and the EU, reports Efe news.With this bilateral FTA both parties can ensure stability and continuity of the current trade environment, according to a statement from Seoul's Ministry of Trade, Industry and Energy.An initial revision of the agreement was also agreed upon two years after its entry into force.The UK has established the new Brexit deadline for October 31, and the agreement must be ratified by both sides before then.Since January, Seoul and London have made urgent negotiations on the treaty amid the possibility of London exiting without any agreement or a "hard Brexit".The UK is South Korea's second-largest trading partner of the members of the EU, a bloc with which the Asian country has a free-trade agreement in force since 2011.By virtue of that agreement, the volume of trade between the two countries in 2018 reached about $13.17 billion according to data from the South Korean ministry.South Korea exports mainly cars and ships, while also importing cars from the UK, as well as significant amounts of crude oil.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Liam FoxFOLLOW

Liam fox, Latest News

International :Boris Johnson unveils Cabinet, steadfast on Brexit date

UK's new Prime Minister Boris Johnson convened his first Cabinet meeting in Downing Street on Thursday, kicking off his political agenda with a government freshly stocked with more ardent pro-Brexit Ministers. ...

International :India-UK relations: 14th JETCO meeting to be held in New Delhi next year

The next India-UK Joint Economic and Trade Committee (JETCO) will take place in New Delhi next year, according to a joint statement of the 13th JETCO meeting held here on July 15. ...

International :Trump slams UK ambassador over leaked emails

US President Donald Trump has said that the Kim Darroch, the British Ambassador to Washington, "has not served the UK well", in response to the latter's leaked emails where he called the American leader's administration "inept, insecure and incompete ...

International :S.Korea, UK negotiate FTA to address possible hard Brexit

South Korea and the UK on Monday finalized a continuation of a Free Trade Agreement (FTA) to protect their trade relations should the latter decide to exit the European Union (EU) without any deal. ...