Research and analysis

New quantitative trade model (NQTM) used in the upgraded UK-Republic of Korea FTA modelling paper

Technical note detailing the background, data and parameters used to model the upgraded UK-Republic of Korea Free Trade Agreement in an NQTM.

• From: Department for Business, Innovation, Science and Trade and Department for Business and Trade
• Published: 15 December 2025
• Last updated: 7 August 2026 — See all updates

Documents

NQTM used in the upgraded UK-Republic of Korea FTA modelling paper

PDF, 1.07 MB, 14 pages

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Details

This document was superseded by BIST’s new quantitative trade model from 7 August 2026.

This technical documentation details the basic set-up of the new quantitative trade model (NQTM) and how it has been applied to the UK-Republic of Korea Free Trade Agreement (FTA).

Published 15 December 2025

Last updated 7 August 2026 — Show all updates

1. 7 August 2026

   Note added to page confirming document superseded from 7 August 2026.

2. 15 December 2025

   First published.