Thursday, March 10, 2011

EU merger control has come of age

J.Almunia, here. From the speech, on international competition policy:.
"Strengthening our relations with partners outside the EU is another path of development for merger control. In the past few years we have seen substantive progress with major jurisdictions, such as Japan, Korea, Australia and the US. To build on this success, I can see four areas where we can advance together: communication between agencies, coordination on timing, collection and evaluation of evidence, and remedies. As to the emerging economies, our cooperation is bound to increase in the future. We stand ready to share our experience and expertise to help them grow in pace with the weight of their economies. The signing, later today, of a Memorandum of Understanding with the Russian Competition Authority is illustrative of this commitment".