2. člen

Besedilo sporazuma se v izvirniku v angleškem jeziku in prevodu v slovenskem jeziku glasi: The Government of the Republic of Slovenia and the Government of the Republic of Korea (hereinafter referred to as the “Parties”), Desirous of further strengthening the friendly relations existing between the two countries; Recognizing that the Agreement on Trade and Economic Cooperation between the Government of the Republic of Slovenia and the Government of the Republic of Korea, signed in Seoul on January 21, 1999, contributed to facilitating trade and economic cooperation between the two countries; Also recognizing that there is need for a renewed legal basis for continuing and further promoting their economic cooperation in fields of mutual interest on the basis of the principles of equality and mutual benefit after the termination of the aforementioned Agreement on April 3, 2005; and Within the framework of the respective legislation in force in the two countries and in full conformity with their obligations arising from international agreements; Have agreed as follows: The Parties shall, in accordance with their respective laws and regulations, endeavor to promote, expand and diversify bilateral cooperation in areas relevant to economic development which the Parties deem to be in their mutual interest and benefit. The Parties, taking into consideration their current economic relations, shall endeavor to create mutually favorable conditions for long term cooperation, in particular in the following fields: (a) automotive industry; (b) electronics; (c) machinery manufacturing; (d) chemical and pharmaceutical industry; (e) energy; (f) small and medium-sized enterprises; (g) information and communication technology; (h) tourism; (i) transport and logistics; (j) environment; (k) trade and investment; (l) bilateral economic cooperation in third countries or at the regional level; and (m) any other areas of mutual interest that may be agreed upon by the Parties. Forms of cooperation under this Agreement may include: (a) encouraging and facilitating communication and cooperation between governmental agencies, organizations and enterprises of both countries; (b) creating favourable investment conditions; (c) facilitating the exchange of information of mutual interest, particularly information concerning their respective laws and regulations and on national economic and industrial priorities; (d) encouraging juridical persons and individuals of the two countries to explore the possibilities of implementing joint projects in the above-noted areas of cooperation; (e) encouraging the participation of juridical persons and individuals of the two countries in international fairs and exhibitions held in the two countries; and (f) any other forms of cooperation that may be agreed upon by the Parties. 1. To facilitate the implementation of this Agreement, the Parties shall establish a Joint Commission. 2. The Joint Commission shall be composed of representatives of the Parties. 3. The Joint Commission shall carry out the following activities: (a) promoting cooperation in the areas referred to in Articles 2 and 3 and, if necessary, making recommendations for the implementation of this Agreement; (b) identifying the fields to which the cooperation between the Parties is to be extended; (c) reviewing the progress made towards achieving the objectives of this Agreement; (d) identifying problems which may hinder bilateral trade and economic cooperation, and proposing measures to resolve these problems; and (e) any other cooperative activities that may be agreed upon by the Parties. 4. (a) The Joint Commission shall meet alternately in the Republic of Slovenia and in the Republic of Korea, periodically or at the request of either Party and with the acceptance of the other Party. (b) The host Party shall take minutes of the meeting of the Joint Commission, which shall be signed by the heads of both delegations at the end of the meeting. 5. Separate implementing arrangements setting out the details and procedures of the specific cooperative activities under this Agreement, following the recommendations made by the Joint Commission, may be concluded in accordance with the respective laws and regulations of the two countries. This Agreement does not affect rights and obligations of the Parties arising from other international agreements to which they are party. This Agreement shall apply without prejudice to the obligations arising from the membership of the Republic of Slovenia in the European Union. Any dispute arising out of the interpretation or implementation of this Agreement shall be settled through mutual consultations between the Parties. This Agreement may be amended with the mutual written consent of the Parties. 1. This Agreement shall enter into force on the date of receipt by the Parties of the last written notification through diplomatic channels confirming the completion of their respective internal procedures required for the entry into force of this Agreement. 2. This Agreement shall remain in force for an initial period of five

(5)years and shall thereafter be automatically renewed for successive periods of two

(2)years unless either Party notifies the other Party, in writing, of its intention to terminate the Agreement at least six

(6)months in advance before the expiry date of that relevant period. 3. The termination of this Agreement shall not affect the validity or duration of any cooperative activities undertaken under this Agreement and not yet completed at the time of its termination. IN WITNESS WHEREOF, the undersigned, being duly authorized by their respective Governments, have signed this Agreement. Done in duplicate at Seoul on 11 April 2014 in the English language. FOR THE GOVERNMENT OF THE REPUBLIC OF SLOVENIA Igor Senčar (s) FOR THE GOVERNMENT OF THE REPUBLIC OF KOREA Cho Tae-yong (s) Vlada Republike Slovenije in Vlada Republike Koreje (v nadaljnjem besedilu: pogodbenici) sta se v želji, da okrepita prijateljske vezi med državama, ob upoštevanju, da je Sporazum o trgovinskem in gospodarskem sodelovanju med Vlado Republike Slovenije in Vlado Republike Koreje, podpisan 21. januarja 1999 v Seulu, prispeval k pospeševanju trgovinskega in gospodarskega sodelovanja med državama, ob zavedanju, da je po prenehanju veljavnosti omenjenega sporazuma 3. aprila 2005 potreben nov pravni okvir za nadaljevanje in spodbujanje gospodarskega sodelovanja med državama na področjih v skupnem interesu po načelih enakosti in obojestranske koristi, ter ob upoštevanju veljavne zakonodaje obeh držav in v skladu z njunimi obveznostmi po mednarodnih pogodbah dogovorili: