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COPYRIGHT 2007 Asia Pulse Pty Ltd
SEOUL, April 30 Asia Pulse - A free trade pact with the United States is expected to boost South Korea's annual economic growth by around 6 per cent in the next 10 years and help create substantial employment opportunities, South Korean think tanks said Monday.
The forecast by 11 state-run think tanks including the Korea Institute for International Economic Policy (KIEP), the Korea Development Institute and the Korea Rural Economic Institute (KREI) also forecasted greater trade volume and more foreign investment in the country.
It said annual gains in gross domestic product (GDP) from the free trade agreement (FTA) will reach 0.6 per cent each year until 2018.
This translates into an addition of roughly 80 trillion won (US$86.2 billion) to the economy during the cited period.
"Even in the short run, before the FTA...
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