2. To this end, the Agreement establishing a free trade area between the Parties to their cooperation on trade and investment shall be effective. The abovementioned Agreement constitutes a special agreement by which the trade provisions of this Agreement take effect within the meaning of Article 43. Each article in this volume is written by European and Korean experts in international law. Each examines a specific aspect of the legal framework governing EU-Korea relations and analyses the scope and content of the relevant legislation, as well as the opportunities and challenges for future cooperation. The contributions cover a wide range of policy areas, including trade, competition and investment, as well as cooperation in non-economic areas such as environmental protection and security policy, and aim not only to provide an overview of the state of play of EU-Korea relations, but also to draw potential lessons for other bilateral and regional initiatives. Cooperate with a view to deepening the international consensus on the fight against terrorism, including, where appropriate, the legal definition of terrorist acts, and in particular by working on a Convention on the Comprehensive Convention on International Terrorism; 2. Consultations shall be held within the Joint Committee in order to facilitate the implementation and promote the general objectives of this Agreement, to maintain overall coherence in relations and to ensure the proper functioning of all other agreements between the Parties. The first agreement between the EU and South Korea was the Agreement on Cooperation and Mutual Assistance in Customs Matters (signed on 13 May 1997).

[4] This agreement allows the establishment of a common competition policy between the two parties. [5] The second agreement, the Framework Agreement on Trade and Cooperation (entered into force on 1 April 2001). The framework aims to strengthen cooperation in different sectors, including transport, energy, science and technology, industry, environment and culture. [5] [6] 5. The issue of the activities of shipping agencies in the European Union and the Republic of Korea will, where appropriate, be addressed by specific agreements. 2. The Parties may exchange, within the framework of the relevant legislation, relevant information and apply appropriate anti-money laundering and countering the financing of terrorism standards equivalent to those of the competent international bodies active in this field, such as the Financial Action Task Force on Capital Management (FATF). participation in and implementation of multilateral environmental agreements, including biodiversity, biosafety and the Convention on International Trade in Endangered Species of Wild Fauna and Flora; dialogue and joint actions in the field of air transport in areas of mutual interest, including the agreement on certain aspects of air services and the examination of possibilities for the development of relations and technical and regulatory cooperation in areas such as safety, security, environment, air traffic management, the enforcement of competition law and the economic regulation of the aviation sector; with a view to supporting regulatory convergence and removing barriers to commercial activity.

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