How do competition authorities cooperate on global antitrust enforcement?
Competition authorities around the world cooperate on global antitrust enforcement to protect consumers from unfair competition. Global cooperation is facilitated by formal channels such as the International Competition Network (ICN) and the International Consumer Protection and Enforcement Network (ICPEN). These networks provide a platform for competition authorities to share information and coordinate enforcement. The ICN is a worldwide network of competition authorities that work to promote cooperation and the effective implementation of enforcement activities. Through this network, competition authorities share best practices and information on specific antitrust cases, exchange experiences through workshops and conferences, and assist each other in developing better enforcement strategies. The ICN also helps member states develop effective national antitrust laws. The ICPEN is a network of international consumer protection authorities that work together to protect consumers from unfair or deceptive business practices. Through this network, competition authorities share consumer protection information, coordinate enforcement activities, and promote consumer education. The ICPEN also assists members in developing and enforcing consumer protection laws. By working together, competition authorities from around the world can effectively combat global antitrust violations and protect consumers from unfair competition. Through these networks, they can share information, coordinate enforcement activities, and develop better enforcement strategies. This cooperation is essential for promoting fair competition and protecting consumers everywhere.
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