South Korea and Britain will launch the fourth round of negotiations to upgrade their bilateral free trade agreement(FTA) this week. 

The Ministry of Trade, Industry and Energy announced that the talks will take place from Monday to Friday in London, with approximately 60 officials from both countries participating.

The ministry added that the two sides aim to accelerate discussions and make progress across 13 sectors, including supply chains, digital trade, and biotechnology.

The existing FTA, signed in 2019, took effect in January 2021 after Britain’s exit from the European Union.

South Korea and Britain have been engaged in formal negotiations to upgrade the deal since 2023.