South Korean President Vows To Renegotiate FTA Clause

Law360, Los Angeles (November 15, 2011, 5:16 PM EST) -- South Korean President Lee Myung-bak reportedly told his country’s parliamentary leaders Tuesday that he will seek to renegotiate a controversial investor-state dispute settlement provision if legislators ratify the long-awaited free trade agreement with the U.S.

Lee made the surprise proposal during a meeting with parliamentary leaders at the National Assembly, the Korea Times reported, telling lawmakers he will ask the U.S. to renegotiate the provision within three months after ratification.

The controversial clause, which allows U.S. investors to settle disputes with the South Korean government in...
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