South Korea On Way to Free Trade With US

SEOUL, South Korea (AP) - A South Korean lawmaker says a
parliamentary committee has approved a free trade agreement with
the United States, paving the way for the deal to be voted on by
the entire legislature.

The approval was announced Wednesday by Park Jin, the chairman
of the National Assembly's trade committee.

South Korea and the U.S. signed the accord in 2007, but the
ratification process has been slow amid opposition in both
countries.

Both governments tout the agreement as a boon to trade and a
further cementing of close ties between key security allies.

The agreement is the biggest for the U.S. since the North
American Free Trade Agreement in the 1990s.

It requires ratification by lawmakers in both countries to take
effect.


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