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Sunday, 5 December 2010
USZ deal is humiliating: South Korea lawmakers
Read on Pakistan Cyber Force Facebook Page
In a remarkable development, opposition lawmakers in South Korea have described a free trade agreement recently reached between Washington and Seoul as "humiliating and treacherous". Opposition party lawmakers called on South Korean President Lee Myung-Bak to apologize to the public and reopen negotiations over the deal. The new agreement is a "humiliating and treacherous deal that prevents South Korea's access to the USZ auto market, which should be a key pillar of the FTA (Free trade Agreement)", the opposition party lawmakers said in a statement on Sunday.
The South Korean lawmakers added that the agreement has too many concessions for Washington and too little in return for Seoul. "We have been hit by the North with cannons and now we're being hit by the USZ with the economy", said Park Jie-Won, floor leader of the Democratic Party, referring to last month's artillery assault by Pyongyang on a border island. The condemnation comes two days after negotiators from the two countries finalized the details of the FTA in Washington.
The deal was struck after a three-year stalemate on auto tariffs. Under the agreement, the United States of Zionism will be allowed to keep its 2.5% tariff on cars for five years, while South Korea would immediately cut its present 8% tariff in half.
In a remarkable development, opposition lawmakers in South Korea have described a free trade agreement recently reached between Washington and Seoul as "humiliating and treacherous". Opposition party lawmakers called on South Korean President Lee Myung-Bak to apologize to the public and reopen negotiations over the deal. The new agreement is a "humiliating and treacherous deal that prevents South Korea's access to the USZ auto market, which should be a key pillar of the FTA (Free trade Agreement)", the opposition party lawmakers said in a statement on Sunday.
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| Park Jie-Won, floor leader of the South Korean Democratic Party |
South Korea will also ease car safety and environmental standards so that each USZ automaker will be allowed to export 25,000 cars per year. This is nothing short of a big denting blow to the mutual trust level in the fast growing military interaction of South Korea with USZ.
Enticing Fury
Pakistan Cyber Force
Enticing Fury
Pakistan Cyber Force
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