Park Pushes Ruling Party Chief to Ratify Free Trade Pacts

Write : 2014-11-20 18:59:00 Update : 2014-11-20 19:02:28

Park Pushes Ruling Party Chief to Ratify Free Trade Pacts

President Park Geun-hye called for the ruling party's active efforts to swiftly pass free trade deals that were newly agreed upon and the administration's expansionary budget plans for next year.

President Park made the call as she sat down with ruling Saenuri Party Chairman Kim Moo-sung and floor leader Lee Wan-koo at the presidential office Thursday.

During the meeting, Park explained the outcome of recent multilateral gatherings she attended, including the APEC summit, and asked for legislative efforts at the current regular session of the National Assembly.

Highlighting South Korea's new free trade agreements with China and New Zealand that were reached during her latest trips overseas, she asked the ruling party to ratify the deals and maximize their effects, with actual economic gains.

Park also pressed the lawmakers to promptly approve the South Korea-Australia FTA, arguing that failing to pass the deal within this year would incur an annual export loss of 460 million dollars.

Park said it is regrettable that opposition party leaders could not join Thursday's meeting. 

Saenuri Chairman Kim promised support, saying he felt sorry for being unable to promptly back up the president's latest accomplishments.

Floor leader Lee said he will make sure that the parliament keeps the December 2 deadline to complete deliberations on the administration's expansionary budget proposal for 2015. He added if the ruling and opposition parties fail to keep the deadline, the ruling party would push ahead with the original proposal or add its own revision to the original budget plans.

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