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S. Korean farmers oppose free trade deal with US

12-03-2011 15:37 BJT

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South Korean farmers remain defiant in their opposition to a US-South Korea Free Trade agreement, even as their president Lee Myung-bak signs the laws necessary to implement the deal with Washington.

Farmers believe the deal will give US imports an unfair advantage, as they will be cheaper. South Korea’s finance ministry says the government has already spent about 27 percent of its budget on helping farmers whose business might suffer due to the influx of cheaper produce.

President Lee Myung-bak approved the trade bill on 29 November and it is expected to take effect on January 1. But the deal is causing strong protests in South Korea. Opponents say it favours Washington over South Korean workers and have demanded Lee’s resignation.

President Lee Myung-Bak (pictured) on Tuesday signed off on a package of bills needed
to implement S.Korea's free trade agreement with the US after it sailed through the
US Congress last month. The signing means Seoul is now ready to enter final
negotiations with Washington before the FTA takes effect as early as January

A South Korean protester, seen here holding a placard and candle during a rally
against a free trade agreement (FTA) between South Korea and the US in Seoul, last
month. Moody's Investors Service gave its backing to the FTA, as protesters scheduled
more street rallies in Seoul against the deal. (AFP Photo/Park Ji-Hwan)


Editor:Zhang Dan |Source: CNTV.CN

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