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Japan/ Australia: Competition agencies to cooperate

By  |  May 13, 2015

The Australian Competition and Consumer Commission and the Japan Fair Trade Commission (JFTC) signed a Co-operation Arrangement today, designed to improve international competition law enforcement activities.

ACCC chairman Rod Sims and JFTC chairman Kazuyuki Sugimoto signed the agreement at a ceremony on the sidelines of the International Competition Network meeting in Sydney.

The Co-operation Arrangement builds upon the Japan-Australia Economic Partnership Agreement, which commenced on January 15, 2015.

“This is the first time the JFTC has concluded an agreement that will enable the JFTC to share confidential information without getting a waiver,” Mr Sims said.

“The ACCC looks forward to working closely with Japan on a range of competition law enforcement activities, particularly global mergers and cartels.

 

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