Britain said on Monday that after two years of negotiations, Britain has finalized a free trade agreement with South Korea to upgrade trade relations after Brexit, ensure preferential market access, and lock in lower tariffs for a longer period of time. Negotiations to upgrade the trade agreement with South Korea began two years ago to modernize the trade agreement left over from Brexit.

Britain said on Monday that after two years of negotiations, Britain has finalized a free trade agreement with South Korea to upgrade trade relations after Brexit, ensure preferential market access, and lock in lower tariffs for a longer period of time. Negotiations to upgrade the trade agreement with South Korea began two years ago to modernize the trade agreement left over from Brexit.