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New political and economic opportunities opened for South Korea and the United States with the free trade agreement (FTA) announced Monday, but the way ahead for the deal in Washington still has uncertainties, and even risks.
The following is a summary of the free trade agreement (FTA) reached between South Korea and the United States Monday.
Korean labor groups voiced their strong opposition to the just-reached deal between South Korea and the United States to effectively dismantle their tariff barriers. The groups vowed to launch a campaign to nullify the free trade agreement deal (FTA) and even threatened to attempt to oust President Roh Moo-hyun.
Ending nearly 10 months of tough negotiations, South Korea and the United States reached a free trade agreement Monday, officials from both sides said.
A South Korean protester set himself on fire on Sunday outside a Seoul hotel where talks on a free trade pact with the United States are in their final hours, witnesses and hospital officials said.
Top-level officials from South Korea and the United States struggled Monday to come up with major compromises in their final stage of negotiations on a proposed free trade agreement (FTA), with the deadline for the talks extended for the second time in two days.
A South Korean man set himself afire on Sunday to dramatize his opposition to a proposed free trade agreement between his country and the United States, as negotiations were coming to a close, with an extended deadline only hours away. The 56-year-old taxi driver, identified only by his surname Heo, was in serious condition at a hospital after the protest 20 meters from the front gate of a heavily guarded Seoul hotel where the final talks were under way.
Malaysian opponents of a free-trade deal with the United States celebrated Saturday after the countries missed an end-of-the-month deadline to fast-track an agreement.
United States and South Korean negotiators on Friday extended a deadline to reach a free-trade agreement, as Washington struggled to complete a deal that could be used as a model for other Asian countries.
President George W. Bush notified Congress on Friday that he plans to sign a free trade agreement with Panama.
