Published On: Wed, Aug 21st, 2019

Brexit news: UK set to sign massive post-Brexit trade deal with Korea | UK | News

Despite the concerns issued by those associated with Project Fear, it has been reported that the UK will sign a “trade continuity” deal with the Republic of Korea.

There had been fears that the UK would be unable to sign any trade deal with leading countries around the world.

But this agreement marks a huge development in the UK’s post-Brexit future.

The agreement with South Korea will allow businesses to keep trading freely until after the October 31 exit date.

The new free trade agreement allegedly replicates the parameters of the current EU-South Korea trade deal which was signed in 2011.

Recently appointed Trade Secretary, Liz Truss will apparently sign the deal with Korean Minister of Trade, Yoo Myung-hee in London.

In a statement, the Korean Minister insisted that signing the deal would remove the uncertainty of Brexit.

Ms Yoo said: “In this challenging time, we took a proactive step, and as a result, our Free Trade Agreement sends a signal to the world of our strong, collective support for free, open, rules-based trade.”

More to follow…

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