Antimonopoly Enforcement Authorities of China and US Sign a Memorandum of Understanding on Cooperation

August 10, 2011

In recent days, with an aim to strengthen the cooperation between China and US in the area of antimonopoly, China’s three antimonopoly enforcement authorities (the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Industry and Commerce) and two US counterparts (the Ministry of Justice and the Federal Trade Commission) jointly signed the Memorandum of Understanding on Antitrust and Antimonopoly Cooperation between China and US.

According to the MOU, the antimonopoly and antitrust enforcement authorities of China and the U.S. shall promptly notify each other of their respective competition policies and important developments in antimonopoly enforcement, and exchange experiences on enhancing the awareness of enterprises, other government agencies, and the public in the policies and laws concerning competition.