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ARTICLE · 20 JULY 2021

CCI Enters Memorandum On Co-Operation With Japanese Antitrust Regulator

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On 8 July 2021, the Union Cabinet of India approved the Memorandum on Co-operation between the Competition Commission of India and Japan's competition agency, the Japan Fair Trade Commission.

IndiaAntitrust/Competition Law
Manas Kumar Chaudhuri
Manas Kumar Chaudhuri
Armaan Gupta
Armaan Gupta
Siddharth Bagul
Siddharth Bagul
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Background

On 8 July 2021, the Union Cabinet of India approved the Memorandum on Co-operation (MoC) between the Competition Commission of India (CCI) and Japan's competition agency, the Japan Fair Trade Commission (JFTC). The MoC aims to promote and strengthen co-operation in matters of competition law and policy.1

The official statement issued by the Ministry of Corporate Affairs, Government of India (MCA) highlights that the MoC will enable the CCI to emulate and learn from the experiences and lessons of JFTC.

The MCA stated that the MoC will improve the CCI's enforcement of the Competition Act, 2002 (Act) and benefit consumers by promoting equity and inclusiveness. The MoC envisages enhancing co-operation through different avenues, including the exchange of information and capacity-building exercises in various fields such as technical co-operation, experience sharing, and enforcement co-operation.

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