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Article: South Korea, U.S. Agree on Trade Pact
- Article from:
- AP Online
- Article date:
- June 29, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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SEOUL, South Korea - South Korea and the United States agreed Friday on final changes to their pending free trade agreement, clearing the last hurdle to the fast approaching deadline to sign the deal as thousands of workers took to the streets in protest.
South Korea has "decided to accept a U.S. proposal to change the agreement" to reflect new U.S. guidelines calling for stricter labor and environmental standards for free trade deals, the Ministry of Foreign Affairs and Trade said.
South Korean Trade Minister Kim Hyun-chong and U.S. Trade Representative Susan Schwab will sign the agreement on June 30 in Washington, the ministry said.
The two sides need to sign the deal by then for it ...