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European Parliament Publishes Report On “Competition Policy In International Agreements”

World Trade

Open Eyes Opinion {source: EP}

European Parliament Think Tank Report

 

Summary

Proceedings of the Workshop on Competition Policy in International Agreements

Enforcement of fair competition is based on different rules around the world.

This workshop aims to give an overview on existing and planned international agreements on cooperation in the field of competition policy.

The first session focuses on international cooperation in antitrust investigations and discusses how agreements are designed to ensure consistency in the prosecution of infringements and to overcome regulatory friction.

The second session looks into what is currently known about the chapter on competition policy in the Transatlantic Trade Investment Partnership (TTIP) to help understanding the on-going negotiations.

This Workshop was prepared by the Policy Department A at the request of the Committee on Economic and Monetary Affairs (ECON).

BACKGROUND:

The rules and principles in competition policy differ between countries all over the world. To ensure effective competition on the market, the EU has negotiated several cooperation agreements and memoranda of understanding (MoU) with its most important trade partners (see lists below).

The currently negotiated Transatlantic Trade and Investment Partnership (TTIP) also contains a chapter on competition policy.

Cooperation agreements concluded by the EU Country Agreement Year :

United States

Agreement between the Government of the United States of America and the Commission of the European Communities regarding the application of their competition laws8 Agreement between the European Communities and the Government of the United States of America on the application of positive comity principles in the enforcement of their competition laws9 1995 1998

Canada

Agreement between the European Communities and the Government of Canada regarding the application of their competition laws10 1999

Japan

Agreement between the European Community and the Government of Japan concerning cooperation on anti-competitive activities11 2003

Republic of Korea

Agreement between the EU and the Republic of Korea concerning cooperation on anti-competitive activities12 2009

Switzerland

Agreement between the European Union and the Swiss Confederation concerning cooperation on the application of their competition laws13 2014

Please Read Full Report: 

http://www.europarl.europa.eu/RegData/etudes/STUD/2015/563431/IPOL_STU(2015)563431_EN.pdf

 

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[photo credits: “Storck Harbour scene” by Abraham Storck – [1]. Licensed under Public Domain via Wikimedia Commons – https://commons.wikimedia.org/wiki/File:Storck_Harbour_scene.jpg#/media/File:Storck_Harbour_scene.jpg]

 

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