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LONDON - Britain and South Korea have agreed to extend a period of low or zero tariffs on bilateral trade by two years, ahead of talks to forge a new trade deal, the British government said on Monday, in a boost for the car industry.
Annual trade between Britain and South Korea is worth 18 billion pounds , and the two sides will begin talks later this year on a new trade deal. Their current agreement was rolled over from Britain's membership of the EU. "This is fantastic news for UK businesses who can continue selling their fantastic goods with confidence to South Korea," Huddleston said.
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