South Korean National Assembly ratifies EU-Korea Free Trade Agreement
The South Korean National Assembly ratified the EU-South Korea Free Trade Agreement (FTA) on 5 May 2011, removing the last obstacle to its entering into provisional application on 1 July 2011.
Despite strong objections from opposition Assembly Members, many of whom boycotted the vote, the FTA was successfully pushed through by the ruling Grand National Party with 163 votes in favour, one against and five abstentions. The European Parliament had ratified the agreement on the 17 February 2011 and therefore the South Korean Assembly's vote opens the way for the provisional application of the FTA on 1 July 2011.
Despite strong objections from opposition Assembly Members, many of whom boycotted the vote, the FTA was successfully pushed through by the ruling Grand National Party with 163 votes in favour, one against and five abstentions. The European Parliament had ratified the agreement on the 17 February 2011 and therefore the South Korean Assembly's vote opens the way for the provisional application of the FTA on 1 July 2011.
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