How do competition authorities cooperate on global antitrust enforcement?

Competition authorities are government and/or non-governmental organizations responsible for enforcing competition laws, such as antitrust laws, which protect consumers from anticompetitive behavior by companies. These authorities can cooperate on global antitrust enforcement in various ways. For example, the International Competition Network (ICN) is an organization made up of competition authorities from 122 countries and territories. The ICN works to facilitate the cooperation of competition authorities to enforce antitrust laws across borders and increase overall effectiveness of the competition policy. Through the ICN, competition authorities can, for example, share best practices, discuss and develop antitrust laws, and jointly investigate private or public anticompetitive situations. The ICN also works to promote the setting up of regional cooperation mechanisms, in which countries from a particular geographic area combine their efforts to enforce antitrust laws. A great example of this is the International Competition Forum, a working group made up of competition authorities from the United States and Canada. Additionally, the European Commission (EC) has set up the European Competition Network, which facilitates cooperation between competition authorities from the 28 Member States of the European Union. The EC also works closely with other competition authorities from the rest of the world in order to achieve global antitrust enforcement. Through initiatives like the ICN and the EC, competition authorities from different countries and regions can pool their resources and share their expertise to ensure fair and effective global antitrust enforcement.

Related FAQs

How does antitrust law affect international trade?
What is the history of antitrust law in the US?
What is an example of tying in an antitrust case?
What is the impact of antitrust law on the food industry?
How do antitrust laws apply to restrictive covenants?
What is the impact of antitrust law on economic competition?
What are the different approaches to antitrust enforcement?
What is the impact of antitrust law on e-commerce?
What are the implications of antitrust law for the healthcare industry?
What is the role of antitrust law in regulating monopolies?

How do competition authorities cooperate on global antitrust enforcement?

Related FAQs

Related Blog Posts