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South korea - Parliament postpones approval of S. Korea-EU FTA to April

A parliamentary committee on Tuesday decided to put off its discussions on a ratification motion for South Korea's free trade agreement (FTA) with the European Union until April, chief committee members said, as opposition members called for a full examination of the deal's possible impact on the domestic economy.
11 March 2011
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A parliamentary committee on Tuesday decided to put off its discussions on a ratification motion for South Korea's free trade agreement (FTA) with the European Union until April, chief committee members said, as opposition members called for a full examination of the deal's possible impact on the domestic economy.

South Korea and the EU signed the agreement last October, agreeing to put it into force on July 1. The European Parliament approved the FTA on Feb. 17, bringing it one step closer to coming into force this July.

The agreement, if effectuated, will eliminate 98 percent of import duties and other trade barriers in manufactured goods, agricultural products and services between South Korea and the EU within the next five years.

http://english.yonhapnews.co.kr/national/2011/03/08/26/0301000000AEN20110308010200315F.HTML

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