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Cabinet approves Memorandum on Cooperation (MoC) between Competition Commission of India (CCI) and Japan Fair Trade Commission (JFTC)

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..... Cabinet approves Memorandum on Cooperation (MoC) between Competition Commission of India (CCI) and Japan Fair Trade Commission (JFTC)
News and Press Release
Dated:- 9-7-2021

The Union Ca .....

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..... binet, chaired by Prime Minister Shri Narendra Modi, has approved the Memorandum on Cooperation (MoC) between Competition Commission of India (CCI) and Japan Fair Trade Commission (JFTC) to promote an .....

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..... d strengthen cooperation in the matter of Competition Law and Policy. Impact: The approved MoC, through exchange of information, will enable CCI to emulate and learn from the experiences and lessons .....

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..... of its counterpart competition agency in Japan which would enhance efficiency. The same will help improve enforcement of the Competition Act, 2002 by CCI. The resultant outcomes will benefit consumer .....

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..... s at large and will promote equity and inclusiveness. Details: It will envisage to promote and strengthen cooperation in the matter of Competition Law and policy through exchange of information as w .....

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..... ell as through various capacity building initiatives in the areas of technical cooperation, experience sharing and enforcement cooperation Background: Section 18 of the Competition Act, 2002 permits .....

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..... CCI to enter into any memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act.
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..... PIB .....

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