Five rounds of negotiation are over and both sides pledged to complete the talks by the year end, a joint communiqué issued by both sides following a bilateral senior economic dialogue in Seoul said.
South Korea’s second vice minister for foreign affairs Kim Jina and UK parliamentary under-secretary for the Indo-Pacific Catherine West co-chaired the dialogue.
Both sides met last month for the fifth round of negotiations on easing regulations on product origins and introduced new rules in the areas of supply chains and digital trade.
The two sides explored ways to expand cooperation in economic security, trading and investment, artificial intelligence, quantum technology, defense industry, engineering, biology, space and energy, the communiqué said.
South Korean officials requested the British government to ‘favorably review’ its safeguard measures against home-grown steel products and an electric vehicle subsidy scheme to ensure fair competition for Korean companies.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
