UK and South Korea Hold First Meeting of Committee on Trade in Goods
The United Kingdom released its conclusions from the Sept. 16 meeting of the U.K.-South Korea Committee on Trade in Goods, detailing areas of progress from the first meeting under the U.K.-South Korea Free Trade Agreement. Both sides agreed that finalizing…
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adoption of the Rules of Procedure for the Committee on Trade in Goods is a priority "once empowered to do so by a decision of the Trade Committee." Signed decisions will be exchanged shortly, the U.K.'s Department for International Trade said. The U.K. and South Korea agreed to share their notifications of the agreement to the World Trade Organization Regional Trade Agreement Committee and share methodological information on the development of data on preference utilization rates, DIT said. Also, the parties noted ongoing discussions on steel safeguards being conducted outside the committee, and the U.K. said it will provide updates on the implementation of the Northern Ireland Protocol as needed.