Common use of Competition Policy Clause in Contracts

Competition Policy. 1. The Parties shall ▇▇▇▇▇▇ fair competition in economic activities by fully enforcing their competition laws and regulations. 2. In pursuit of the goal of paragraph 1 of this Article and in accordance with the Agreement between the Government of the Republic of Korea and the European Community concerning cooperation on anti-competitive activities, the Parties shall undertake to cooperate in: a) recognising the importance of competition law and competition authorities and striving to proactively enforce the law in order to create an environment for fair competition; b) sharing information and enhancing cooperation between competition authorities.

Competition Policy. 1. The Parties shall ▇▇▇▇▇▇ fair competition in economic activities by fully enforcing their competition laws and regulationsregu­ lations. 2. In pursuit of the goal of paragraph 1 of this Article and in accordance with the Agreement between the Government of the Republic of Korea and the European Community concerning cooperation on anti-competitive activities, the Parties shall undertake to cooperate in: (a) recognising the importance of competition law and competition authorities and striving to proactively enforce the law in order to create an environment for fair competition; (b) sharing information and enhancing cooperation between competition authorities.