Global Biz

S.Korea parliament approves EU free trade bill

(Agencies)
Updated: 2011-05-04 22:28

SEOUL - South Korea's parliament approved a free trade bill with the European Union on Wednesday, clearing the last obstacle for the pact to take effect in July that is expected to boost the value of trade in goods between them to about 100 billion euros.

A text of the deal had to be pulled from parliament's consideration in early April after it was found to be riddled with translation errors, causing huge embarrassment for the government. The European parliament approved it in February.