Lee, Starmer call for Korea-UK FTA upgrade
KANANASKIS, Canada -- President Lee Jae Myung and his UK counterpart Keir Starmer recognized a need to upgrade the bilateral free trade agreement
Lee told UK Prime Minister Starmer that he believed the ongoing negotiation over the Korea-UK FTA "should make some progress," in response to Starmer's remarks that the modernization of the Korea-UK FTA is a matter associated with stronger bilateral ties.
The two countries' free trade pact has been in effect since 2021 after the UK's departure from the European Union, which was already a free trade partner of South Korea. Talks to renegotiate the bilateral trade pact has been ongoing since 2023, with the latest fourth round of negotiations having taken place in March.
The meeting was held on the margins of the Group of Seven summit at the Kananaskis village in Alberta Canada.
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