Business Secretary welcomes Free Trade Agreement signature
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Issued on 16 September 2010 - BIS
Business Secretary Vince Cable today welcomed the signature of the EU-South
Korea Free Trade Agreement (FTA) in Brussels.
Commenting on the signature of the FTA, Vince Cable said:
“The signing of the FTA at the European Council today is certainly going to
boost the already significant trade relationship between the EU and South Korea.
With the FTA estimated to be worth £500 million per year to the UK, the value of
this deal to both nations is immense.”
Minister for Trade Policy, Edward Davey said:
"The UK has worked hard to conclude this ambitious agreement and the outcome
today has seen the EU take significant steps in expanding our trade relationship
with South Korea. This deal with bring real benefits and I am pushing with
colleagues across the EU for further such trade deals as soon as possible".
1. The Government will be publishing a Trade White Paper at the turn of the
year that will help develop an overarching trade and investment strategy. BIS
will work with other government departments to ensure that trade policy, trade
and development, trade promotion, export credit guarantees and other
trade-related activities are reflected. It will act as a catalyst in reshaping
the economy and supporting growth.
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Article Published/Sorted/Amended on Scopulus 2010-09-17 18:06:00 in Business Articles