FTC And Justice Department Officials Meet with Chinese Antitrust Agencies Officials

Federal Trade Commission Chairman Jon Leibowitz and Justice Department Acting Assistant Attorney General Joseph Wayland participated in high-level meetings with officials from China’s three antitrust agencies – Ministry of Commerce (MOFCOM) Vice Minister Gao Hucheng, National Development and Reform Commission (NDRC) Vice Chairman Hu Zucai and State Administration for Industry and Commerce (SAIC) Vice Minister Teng Jiacai.  The meetings were co-hosted by the two U.S. agencies and took place in Washington, D.C. over two days.  Justice Department Deputy Attorney General James M. Cole met with NDRC Vice Chairman Hu yesterday.

These were the first joint, high-level meetings of the agencies since the FTC and Justice Department signed the antitrust MOU with the Chinese antitrust agencies on July 27, 2011.  The officials discussed promoting competition in a global economy and various aspects of general civil and criminal antitrust enforcement.

The MOU is designed to promote communication and cooperation among the agencies in the two countries.  The MOU provides for periodic high-level consultations among all five agencies.

Key officials participating in the first joint dialogue between U.S. antitrust agencies and China’s antimonopoly agencies were, from left to right: U.S. Justice Department Acting Assistant Attorney General Joseph Wayland, U.S. Federal Trade Commission Chairman Jon Leibowitz, China Ministry of Commerce (MOFCOM) Vice Minister Gao Hucheng, and China State Administration for Industry and Commerce (SAIC) Vice Minister Teng Jiacai.

U.S. and Chinese officials participated in the first joint dialogue between antitrust agencies and antimonopoly agencies.

The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action.  To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust{at}ftc{dot}gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 601 New Jersey Ave., Room 7117, Washington, DC 20580.  To learn more about the Bureau of Competition, read Competition Counts.  Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

IR Press

Share
Published by
IR Press

Recent Posts

Treasury Issues Final Rule Expanding CFIUS Coverage of Real Estate Transactions Around More Than 60 Military Installations

WASHINGTON – Today, the U.S. Department of the Treasury (Treasury), as Chair of the Committee…

4 days ago

U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital

WASHINGTON—Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and…

4 days ago

Report on U.S. Portfolio Holdings of Foreign Securities at Year-End 2023

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities…

5 days ago

READOUT: U.S. Department of the Treasury Hosts Roundtable Discussion on the Financial Sector’s Response to Recent Hurricanes

WASHINGTON – The U.S. Department of the Treasury hosted a roundtable on October 30 with…

5 days ago

READOUT: Sixth Meeting of the Financial Working Group Between the United States and the People’s Republic of China

WASHINGTON – The United States and the People’s Republic of China held the sixth meeting…

5 days ago

Treasury Sanctions Key Members of La Linea, a Group Involved in Trafficking Fentanyl into the United States

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

5 days ago