Zero tariff agreement

The UK has signed a crucial free trading deal with South Korea – Asia’s fourth largest economy – that will be seen as a huge boost to morale in the Brexit camp.

International Trade Secretary Liam Fox signed the zero-tariff deal with his South Korean counterpart Yoo Myung-hee in Seoul. It marks the first post-Brexit trade deal the UK has secured in Asia and is broadly in line with the terms of the existing Korea-EU free trade agreement.