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ARTICLE · 08 AUGUST 2011

US & China Sign Antitrust Memorandum Of Understanding

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On July 27, 2011, the US and China signed an antitrust memorandum of understanding ("MOU") in an effort to promote communication and cooperation among the antitrust agencies of the two countries.

United StatesAntitrust/Competition Law

On July 27, 2011, the US and China signed an antitrust memorandum of understanding ("MOU") in an effort to promote communication and cooperation among the antitrust agencies of the two countries. The MOU was signed by the US Federal Trade Commission and Department of Justice, together with China's Ministry of Commerce ("MOFCOM"), National Development and Reform Commission ("NDRC"), and State Administration for Industry and Commerce ("SAIC").

China's antimonopoly enforcement responsibility is divided among MOFCOM, NDRC and SAIC; MOFCOM handles the review of mergers and acquisitions, the NDRC enforces laws with respect to price-related anticompetitive conduct, and the SAIC is responsible for non-price related anticompetitive conduct.

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