Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK–Republic of Korea Free Trade Agreement on UK institutional investment in Korean capital markets.

The upgrade agreement includes a range of commitments aimed at driving growth in services trade and investment. We assess that these will add £400m to existing services exports in the long-term. We will publish a full assessment of the economic impact of the UK-Korea FTA when the agreement is formally signed.