FTC & DOJ Sign Antitrust Cooperation Framework With Australia, Canada, New Zealand & UK
Federal Trade Commission Chairman Joseph J. Simons signed the Multilateral Mutual Assistance and Cooperation Framework for Competition Authorities among the FTC, the Department of Justice, and competition agencies in Australia, Canada, New Zealand, and the United Kingdom, according to an FTC press release.
Assistant Attorney General Makan Delrahim has also signed the new competition enforcement framework between the Department of Justice (DOJ), the Federal Trade Commission, and competition agencies in Australia, Canada, New Zealand, and the United Kingdom.
The Framework aims to strengthen cooperation among the signatories and provides the basis for a contemplated series of agreements that would permit sharing confidential information and using compulsory process to aid each other’s antitrust investigations.
‘I am delighted to join my counterparts from Australia, Canada, New Zealand, the United Kingdom, and the Department of Justice in launching this Framework, which represents a new benchmark in cross-border antitrust cooperation,’ Chairman Simons said. ‘It seeks to pave the way for better access to information and investigative assistance from the FTC’s counterparts, while ensuring strong confidentiality safeguards.’
Building on the antitrust agencies’ cooperation arrangements, the Framework includes a memorandum of understanding, focused on reinforcing and improving existing coordination and collaboration tools among the agencies, and a model agreement. The model agreement is expected to serve as a template for subsequent agreements among signatories that would permit enhanced cooperation, such as sharing confidential information and cross-border evidence gathering. The U.S. antitrust agencies are authorized to enter into such agreements under the International Antitrust Enforcement Assistance Act of 1994.
Joining Chairman Simons in signing the framework were Assistant Attorney General Makan Delrahim of the US Department of Justice, Chairman Rod Sims, of the Australian Competition and Consumer Commission, Commissioner of Competition Matthew Boswell of Competition Bureau Canada, Chair Anna Rawlings of the New Zealand Commerce Commission, and Chief Executive Andrea Coscelli of the United Kingdom Competition and Markets Authority. The Framework was signed separately in each jurisdiction, allowing the agencies to come together virtually to reaffirm the importance of international cooperation even in these extraordinary times.
Featured News
Nvidia and Microsoft Sued for Allegedly Undercutting AI Technology Patent Prices
Sep 5, 2024 by
CPI
White & Case Strengthens Antitrust and M&A Practices with New Partner Additions
Sep 5, 2024 by
CPI
Federal Judge Dismisses Antitrust Lawyers’ Fee Demand Over JetBlue-Spirit Deal
Sep 5, 2024 by
CPI
Boston Landlords Named as US Sues RealPage Over Alleged Rent-Inflating Practices
Sep 5, 2024 by
CPI
Judge to Weigh Landmark NCAA Settlement Proposal in Antitrust Lawsuit
Sep 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
CPI
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
CPI
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
CPI
The Cost of Making COFECE Disappear
Sep 3, 2024 by
CPI