Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the investment provisions of the UK–Republic of Korea Free Trade Agreement on UK outward investment to the Republic of Korea.

The updated investment provisions in the UK-Republic of Korea FTA will protect investors, ensuring fair, adequate and non-discriminatory treatment for both UK businesses investing in the Republic of Korea and Korean businesses investing in the UK. We believe the commitments will help provide certainty, incentivising investment and driving economic growth. We will publish a full assessment of the economic impact of the UK-Korea FTA when the agreement is formally signed.