Competition
Commission of India and DG, Competition of the European Commission sign MOU on
Cooperation in the Field of Competition Laws
Competition
Commission of India (CCI) and the Directorate General for Competition of the
European Commission (DG, Competition) have signed a Memorandum of Understanding
on Cooperation in the Field of Competition Laws. The MoU was signed during the
ongoing 3rd BRICS International Competition Conference at New Delhi today by Mr.
Joaquin Almunia, Vice President for Competition, EU and Mr. Ashok Chawla,
Chairman, CCI.
The
MoU provides for enhancement of the effective, transparent and
non-discriminatory enforcement of the competition laws in the European Union
and India.
The
two Sides have agreed to exchange non-confidential information, experiences and
views with regard to (a) Competition policy and enforcement, (b) Operational
issues, (c) Multilateral competition initiatives, (d) Competition advocacy and
(e) Technical cooperation initiatives in the area of competition law and its
enforcement.
MoU
provides for assistance to be provided between two Sides wherein on the request
of one Side that may believe adverse impact of competition of its territory on
account of action by the other Side, the other Side shall initiate appropriate
enforcement activities as per their applicable competition law.
CCI
and DG, Competition, European Commission shall also take steps to minimise any
potentially adverse effects of one Side’s enforcement activities on the other
Side’s interests in the application of their respective competition laws.
The
MoU also provides for meetings between two Sides to
(a) Discuss current issues, experiences and
new developments of mutual interest with respect to competition policy
development, legislation and enforcement or the operation of the present MoU;
(b) Exchange non-confidential information
on the competition environment in economic sectors of common interest;
(c) Exchange views with respect to
multilateral competition initiatives.
DG,
Competition, EU and CCI, India will apply the provisions of this MoU on a
voluntary basis.
Consequent to the signing of MoU between the DG, Competition, EU and CCI, the MoU has come into effect.
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