The EU-South Korea Free Trade Agreement is a trade deal that aims to reduce barriers to trade and investment between the European Union and South Korea. Implemented in July 2011, it eliminates tariffs on a wide range of goods, making it easier for businesses in both regions to access each other's markets. This agreement also includes provisions on services, public procurement, and intellectual property rights, promoting cooperation in various sectors. By enhancing trade relations, the EU-South Korea Free Trade Agreement supports economic growth and strengthens ties between the two regions.