Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

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Friday, 25 November 2011

South Korea agrees US trade deal at long last

South Korea's parliament has ratified a free-trade deal with the US, after years of wrangling over the issue.

Members of the ruling Grand National Party, which has a majority, convened to force the bill through in a 151-7 vote.

Most of the opposition abstained. One politician set off a tear-gas canister before the vote and others jeered as the bill passed.

The US Congress ratified the deal last month and it has now been made law.

It is America's largest free-trade deal since the North American Free Trade Agreement with Canada and Mexico in 1994.

The bill - first agreed in 2007 - was ratified in a snap parliamentary session.

"We have decided to push the free trade deal through parliament by voting, as it is almost impossible to reach a compromise with the opposition," GNP politician Park Jun-sun told local media.

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