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Lee Orders Review of S.Korea-China FTA

Written: 2010-04-20 18:28:56Updated: 2010-04-20 19:18:45

Lee Orders Review of S.Korea-China FTA

President Lee Myung-bak has ordered a review over signing a free trade agreement (FTA) with China.

At a Cabinet meeting at the presidential office Tuesday, Lee ordered Trade Minister Kim Jong-hoon to review an FTA with China. Lee said that China's rapid growth is creating big changes in the market, making a proactive and effective response necessary.

Presidential spokesman Park Sun-kyu said Lee believes that South Korea should expand its market influence through FTAs which the president said was global trend.

In an interview with the U.S. newspaper the Washington Post last week, Lee spoke about the necessity of signing an FTA with China.

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