The Japan Fair Trade Commission Concluded Cooperation Arrangement with the Authority for Fair Competition and Consumer Protection of Mongolia
March 15, 2017
Japan Fair Trade Commission
The Japan Fair Trade Commission (hereinafter, “JFTC”), on 15th of March, 2017 in Tokyo, concluded Cooperation Arrangement with the Authority for Fair Competition and Consumer Protection (hereinafter, “AFCCP”), which is the competition authority of Mongolia. The signers and outline of this Arrangement are as follows
The JFTC: Mr. Kazuyuki Sugimoto, Chairman
The AFCCP: Mr. Lkhagva Byambasuren, Chairman
This arrangement establishes a framework for constructive cooperation between both competition authorities and provides for the details concerning the implementation of the Implementing Agreement pursuant to Agreement between Japan and Mongolia for an Economic Partnership (hereinafter referred to as “the Implementing Agreement”).
(2) Exchange of Information
Each competition authority will endeavor to exchange and provide information in relation to significant developments in competition policies and the enforcement of competition laws, experiences on the enforcement of competition laws, etc., when appropriate.
Each competition authority will hold periodic meetings, as necessary, to exchange information on their current enforcement efforts and priorities in relation to the competition laws of each country, etc.
(4) Implementing Joint Projects and Programs
Each competition authority will implement joint projects and programs on technical assistance and/or capacity building of the AFCCP as technical cooperation provided in the Implementing Agreement.