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South Korea ratifies FTA with U.S.

South Korea’s Parliament has ratified the free trade agreement (FTA) with the U.S.

With final ratification complete in both countries, the FTA is expected to go into effect on January 1st, 2012.

The approval came despite strong opposition from most South Korean farm groups.  The South Korean government has promised to help its farmers deal with increased competition from imports of American farm products.

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