SMMT statement on South Korea free trade deal

Agreement of an upgraded UK-South Korea FTA is great news and something for which the industry has long called. South Korea remains a crucial market for UK automotive exports, with South Korean car marques being some of the most popular in Britain so there is great potential to boost jobs and growth in both countries. Maintaining permanent tariff-free access, introducing workable rules of origin and cooperating across the supply chain are all positive steps and we look forward to seeing these key provisions ratified.