The Asia-Pacific region will be a major engine of global growth in the 21st century and strengthening our established trading relationship with South Korea is high on our agenda. I am delighted to continue discussions with Minister Kim Hyun-chong and Deputy Prime Minister Kim Dong Yeon and I want to see British and South Korean firms continue to trade as we do now after we leave the European Union. The UK and South Korea are some of the best places to do business in the world. Trade between our 2 countries is growing rapidly and will grow stronger in the coming months and years. International Trade Secretary, Dr Liam Fox is in South Korea this week to turbo charge talks on our future trading relationship after the UK leaves the EU – with or without a deal. As the 5th and 11th biggest economies in the world, he will also discuss with British businesses how the UK can boost its exports to South Korea, following the recent publication of the UK’s Export Strategy.Dr Fox is meeting with his counterpart, Trade Minister Kim Hyun-chong, to outline the UK’s commitment to maintaining a strong trading relationship and trade continuity for British and South Korean firms after we leave the EU.As part of this ambition, the Secretary of State will sign a Memorandum of Understanding with the Korean Trade-Investment Promotion Agency (KOTRA), reaffirming our ongoing partnership and committing to working closely together on mutually beneficial business opportunities.The ministers will also discuss how to break down non-tariff barriers to trade, which could help to further boost our exports.Dr Fox is also meeting with Deputy Prime Minister and Finance Minister Mr Kim Dong Yeon, as well as with businesses including Hanwha, LG and Samsung.Speaking ahead of the visit, the International Trade Secretary said: Total trade between the UK and South Korea was worth £13.3 billion last year, up by 15.2% on 2016, and British firms exported more to South Korea than to India.The World Bank has rated the UK the 7th easiest country to do business in in the world and South Korea has been rated 4th.South Korea is one of more than 70 countries, party to more than 40 trade agreements, currently in discussions with the Department for International Trade to achieve continuity of our trading arrangements after we leave the EU.The government of South Korea has already expressed its desire to continue these arrangements, providing certainty and stability for businesses and consumers.
The county of Somerset carries two principal arterial routes – the M5 and the A303. Although these roads do not converge, there is a link from the A303 to the M5 at junction 25, which serves Taunton. In addition, Taunton benefits from being on the main London to Exeter rail route: the fastest journey time is one hour 40 minutes.Major property developments are focused on, or close to, these roads and within Taunton. The towns of Bridgwater and Yeovil have also benefited from being close to arterial routes. Frome, the other major town in the north-east of the county, tends to look towards Bath and Bristol for its core business.Retail Somerset has enjoyed increased activity in the past 12 months. Taunton Town Centre, in particular, has seen good results from its enhancement scheme.Marks & Spencer’s recently established presence has affected trading patterns in the town. There has been more activity in the stretch of East Street surrounding Marks & Spencer and opposite, which has led to a dramatic rise in Zone A rents. Nearly 10 years ago, these peaked at just under £100 before falling to £70-£75. The latest letting at 8 East Street shows a Zone A rent of over £100. It will be interesting to see whether this level is supported by further transactions.Taunton is a town which has grown substantially. This factor, along with the tight geography of the town centre, has led to high Zone A levels. It is expected that they will spill over to secondary areas in due course.OfficesThe office market in most Somerset towns tends to be dominated by professionals. With increased business activity, demand for professionals has risen steadily in the past decade and there is no sign of this halting. Several professional firms have outgrown their premises and others are looking to improve their office working environments. So the search is on for better quality buildings. Developers have found it difficult to bring forward schemes to satisfy this demand, which generally does not provide enough single large enquiries to trigger projects. This pressure will continue and it is likely that demand will lead to a development taking place eventually.Industrial and distribution The south-west is not a region which attracts heavy industry. The manufacturing base consists mainly of large numbers of small businesses, and this is set to continue.The location of Taunton, Bridgwater and Wellington has attracted distribution centres such as Argos, with 27,870 sq m (300,000 sq ft) at Bridgwater and Leo, with 16,720 sq m (180,000 sq ft) at Wellington.Recent schemes in Taunton have attracted motor dealers such as Alpha Romeo/Fiat into a new build property and Toyota and Mercedes into existing buildings. There is a new build for Nissan at Chelston and other dealers are seeking sites.The A303 is often overlooked as a commercial artery but at Wincanton, there is a thriving light industrial base. Further land has been allocated for employment development in the draft local plan. There have been a lot of enquiries about this location and it is likely that development will proceed before too long.The south-west will continue to attract light industry and the professional office base will keep growing. The structure plan is seeking to place 50,000 new homes in Somerset before 2011, and prospects for business and retailing look positive.
The Flagler County Sheriff’s Office have arrested a man for impersonating a law enforcement officer just days after he was arrested for the exact same charge.60-year-old LeRoy Stotelmyer was arrested on March 11 after investigators received a tip from a toll bridge attendant who said Stotelmyer flashed a law enforcement badge twice to avoid paying a $2 toll.On-duty officers are allowed to cross free of charge, officials said.The toll booth attendant told investigators that Stotelmyer flashed the silver badge at him, and he then showed LeRoy the article about his arrest for impersonating an officer. He said Stotelmyer then put away the badge and paid the toll.Sheriff Rick Staly said Stotelmyer was arrested March 9 on charges of impersonating an officer and shoplifting. On March 11 he was charged with felony violation of pre-trial release and impersonating an officer. He was being held without bond.,60-year-old LeRoy Stotelmyer was arrested on March 11 after investigators received a tip from a toll bridge attendant who said Stotelmyer flashed a law enforcement badge twice to avoid paying a $2 toll.On-duty officers are allowed to cross free of charge, officials said.The toll booth attendant told investigators that Stotelmyer flashed the silver badge at him, and he then showed LeRoy the article about his arrest for impersonating an officer. He said Stotelmyer then put away the badge and paid the toll.Sheriff Rick Staly said Stotelmyer was arrested March 9 on charges of impersonating an officer and shoplifting. On March 11 he was charged with felony violation of pre-trial release and impersonating an officer. He was being held without bond.