S. Korean parliamentary committee approves FTA with US

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Yonhap news agency, however, quotes ruling party floor leader Hong Joon-pyo as saying his party has no intention of seeking parliamentary ratification during the current session that ends on April 30th.

Hong says his party would seek approval of the trade accord after seeing the results of a possible summit between South Korea and the US in June.

South Korea and the US reached their bilateral free trade pact in 2007. However, they failed to get approval from their respective legislatures due to disputes over agricultural markets and auto products.

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

Editor:Xiong Qu