The Federal Trade Commission and the Department of Justice’s Antitrust Division seek public comment on proposed Antitrust Guidelines for International Enforcement and Cooperation, which update guidelines issued by the Agencies in 1995. The guidelines provide information to businesses concerning the Agencies’ antitrust enforcement policy with respect to international activities as well as their related investigative tools and cooperation with foreign authorities.
The proposed guidelines, which would replace the 1995 Antitrust Enforcement Guidelines for International Operations, reflect the growing importance of antitrust enforcement in a globalized economy and the Agencies’ commitment to cooperating with foreign authorities on both policy and investigative matters.
“With the continued expansion of global commerce, the enforcement of U.S. antitrust laws frequently involves conduct, entities, or individuals located outside of the United States. The antitrust agencies’ policies and practices related to international enforcement and cooperation have therefore taken on increased importance in protecting U.S. consumers and markets from anticompetitive conduct and transactions,” said FTC Chairwoman Edith Ramirez. “The proposed revisions are designed to ensure that the guidelines identify and reflect the agencies’ current approaches to fundamental issues in this arena.”
“The Antitrust Enforcement Guidelines for International Operations have long been an important reflection of the department’s application of the antitrust laws to businesses engaged in international operations,” said Acting Assistant Attorney General Renata Hesse, in charge of the Department of Justice’s Antitrust Division. “Since the Guidelines were last updated in 1995, globalization has increased dramatically, as has international antitrust enforcement and the level of cooperation between the department and international counterparts. Because of this evolution in practice and developments in the law over the intervening 21 years, this update is long overdue.”
The proposed revisions restructure the previous guidelines in order to make them more useful and accessible by focusing on the questions of greatest significance to users. The proposed revisions also describe the current practices and methods of analysis the Agencies employ when determining whether to initiate and how to conduct investigations of, or enforcement actions against, conduct with an international dimension.
In particular, the revisions:
The Commission vote approving issuance of the proposed updated Antitrust Guidelines for International Enforcement and Cooperation for public comment was 3-0.
The Agencies welcome comments on the proposed update from interested parties, including attorneys, economists, academics, consumer groups, and the business community. Interested parties may submit comments electronically at ATR.InternationalGuidelines@usdoj.gov until Thursday Dec. 1, 2016. Submitted comments will be made publicly available on the Agencies’ websites.
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.
WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…
WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…
Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…
WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…
WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…