S. Korea Ratifies US Trade Deal Despite Opposition

Law360, New York (November 22, 2011, 2:00 PM EST) -- South Korea's National Assembly passed a free trade agreement with the United States on Tuesday despite continued objections from the country's opposition party to a controversial investor-state dispute settlement provision.

The vote came less than a week after South Korea's opposition Democratic Party rejected President Lee Myung-bak's offer to renegotiate the provision — which allows U.S. investors to settle disputes with the South Korean government in international courts — if the trade deal were ratified first, and eliminates the last major hurdle to the FTA going...
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