South Korean Parliament Ratifies Free Trade Deal With US - Reports
Faizan Hashmi 6 days ago Sat 08th December 2018 | 12:15 AM
MOSCOW (UrduPoint News / Sputnik - 08th December, 2018) The National Assembly of South Korea ratified on Friday a revised free trade agreement between South Korea and the United States that was signed by the leaders of the two countries in September, media reported.
According to Yonhap news Agency, the parliamentary ratification is the final procedure needed for its ratification.
According to the revised deal, the United States will extend a tariff of 25 percent on imports of Korean pickup trucks by another 20 years.
In addition, the two sides agreed to amend the provision relating to the settlement of disputes between investors and the state, and to increase the transparency of procedures for conducting dumping and compensation measures, the publication said.