Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-04-Speech-4-150"
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"en.20081204.20.4-150"2
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"World economies are becoming increasingly interlinked, international trade is growing very rapidly, and direct foreign investment is becoming more frequent. I therefore fully support David Martin’s report recommending acceptance of the Cooperation agreement between the EU and South Korea in the matter of anti-competitive activity. The agreement accords with the EU’s previous actions in this matter and complements agreements signed as early as at the start of the nineties with the United States (1991), with Canada (1999) and with Japan (2003). The agreement with Korea will contribute to the effective implementation of competition regulations by promoting cooperation between competition protection agencies and reducing the likelihood of conflicts.
Its provisions include the obligation to provide information about implementation measures carried out by competition protection agencies which could affect the other party’s material interests. It is good that the agreement introduces provisions concerning mutual assistance, coordination of implementation actions, exchange of information and guarantee of confidentiality. Korea is the EU’s fourth largest non-European trading partner, while the EU is Korea’s largest foreign investor. Bearing in mind the growing importance of the partnership between the two countries, the addition of Korea to the other three partners with which the EU has agreements in the range of anti-competitive activity seems fully justified."@en1
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