International Highlights

Between September 3 -5, 2007, Ms Neelie Kroes, EC Competition Commissioner, visited Beijing where she held high-level ministerial meetings on competition policy, and on enhancing cooperation between the EC and the Chinese competition authorities.  She discussed the Chinese and European economies, and the role of competition policy in enhancing their competitiveness. During her visit, Ms. Kroes had high-level ministerial meetings with the Ministry of Commerce, and the State Administration of Industry and Commerce as well as with senior academics, and representatives of the European and Chinese business communities. The visit coincided with the adoption of the first comprehensive Anti Monopoly Law by the Standing Committee of the National People's Congress of the People's Republic of China (see above).  The visit took place in the framework of the EU-China Competition Policy Dialogue, and is the latest in a range of EU-China contacts to discuss competition policy matters that began in 2003.  Ms Neelie Kroes said: “I congratulate the Chinese authorities for the adoption of the Anti-Monopoly Law. I am very impressed with the work of the Chinese legislature, which has taken this important step towards an effective competition regime. The implementation of a transparent and non-discriminatory competition framework will benefit the Chinese economy and Chinese consumers. I hope China will derive the same economic benefits as we have in the EU, where a sound competition policy has helped to create open markets and increased consumer welfare”.

Continue Reading...

China Joined World Anti-monopoly Club

On August 30, 2007, the National People’s Congress passed the Anti-monopoly Law of the People’s Republic of China (“AML”).  Such marks a historical moment in China’s legal history as, after over 10 years of drafting and preparing this AML, China has finally become one of the countries with advanced antitrust law system.  The AML will come into effect on August 1, 2008, and many view this law as a tool that will finally regulate the market competition in China.

Continue Reading...
Tags: