Colombia: Antitrust feds sign cooperation agreement with US

The US Department of Justice announced this week that it, along with the US Federal Trade Commission, has signed a cooperation agreement with Colombian antitrust officials.

According to the DOJ, the cooperation agreement went into effect Tuesday and was signed off on by DOJ Assistant Attorney General Bill Baer, FTC Chairwoman Edith Ramirez, and Colombia’s Superintendent of Industry and Commerce Pablo Felipe Robledo.

The agreement between the agencies aims to promote coordination in antitrust enforcement cases, avoid conflicts and additionally includes confidentiality protections.

The agencies have strengthened ties in recent years, most notably through the US-Colombia Trade Promotion Agreement.

In a statement, AG Baer said “the Colombians have a proven antitrust system, and this agreement will allow us to work more closely with our colleagues in Bogota.”

The FTC’s Ramirez agreed, saying Colombia “has a well-developed competition regime, and we have a strong working relationship with its competition agency.”

Full content: United States Department of Justice

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