China and the United States will sign an antitrust cooperation memorandum today
Source: "International Business Daily"2011Year7month27Japanese reporter Yu Meng
Recently, U.S. Federal w88 Commission Chairman Jon·Leibovitz said in Beijing that the U.S. Department of Justice and Federal w88 Commission this month27A memorandum of understanding on antitrust and antitrust cooperation will be signed with the Chinese Ministry of Commerce, the National Development and Reform Commission and the State Administration for Industry and Commerce. When the reporter called the Anti-Monopoly Bureau of the Ministry of Commerce, a relevant person from the Bureau confirmed the news to the reporter.
Leibovitz said in an interview with the media that this memorandum will strengthen law enforcement cooperation between the United States and China in the field of antitrust and antitrust through information sharing, joint training, and provision of advice, especially to strengthen communication and cooperation between the two parties in the review of corporate mergers and acquisitions.“We pay more attention to the healthcare industry, pharmaceutical industry and high-tech industry.”According to this memorandum, China and the United States will establish a long-term antitrust cooperation and exchange mechanism in the future and meet regularly every year. Next year, staff from relevant Chinese departments will go to the United States to attend relevant meetings. Leibovitz also added that when there are mergers and acquisitions between Chinese and American companies, the two countries will also communicate additionally.
Huang Yong, professor at the w88 casino and drafting member of China’s Anti-Monopoly LawIn an interview with this reporter, he said that although a country's antitrust policy pays more attention to its own domestic issues, in the context of intensifying economic globalization, an international merger and acquisition case may involve the antitrust agencies of multiple countries. Due to the different situations of anti-monopoly legislation and enforcement, it is necessary for countries to carry out bilateral and multilateral anti-monopoly cooperation.
Currently, the United States has signed similar memoranda with the European Commission, Germany, Japan, Russia, Canada, Australia, Brazil, Israel, Mexico and Chile. Huang Yong told reporters that in fact, before the introduction of China’s antitrust law, there were similar competition policy dialogues between China and Europe.“The signing of the Memorandum of Understanding on Antitrust Cooperation between China and the United States is a good start for China’s antitrust law to integrate with international standards. The United States has great achievements in antitrust legislation and enforcement100With many years of history, China can learn from its experience in this regard.”Huang YongSay.
Attachment: Original report:http://e.ibdaily.com.cn/news.php?id=59133
