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alp227

(33,358 posts)
Thu Mar 15, 2012, 02:00 AM Mar 2012

Trade deal between South Korea and the US takes effect [View all]

Source: BBC

The long-delayed free trade agreement between South Korea and the US has come into effect, amid protests in Seoul.

The deal, signed five years ago, is the biggest such agreement for the US in 16 years and comes as Seoul is trying to open its markets to other trading partners.

US President Barack Obama spoke with South Korean President Lee Myung-bak on the phone to mark the launch.

But many South Koreans expressed scepticism about who will benefit.

Read more: http://www.bbc.co.uk/news/world-asia-17377444

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