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Conclusion of the "AGREEMENT BETWEEN THE GOVERNMENT OF JAPAN AND THE GOVERNMENT OF CANADA CONCERNING COOPERATION ON ANTICOMPETITIVE ACTIVITIES" between the Governments of Japan and Canada

Conclusion of the "AGREEMENT BETWEEN THE GOVERNMENT OF JAPAN AND THE GOVERNMENT OF CANADA CONCERNING COOPERATION ON ANTICOMPETITIVE ACTIVITIES" between the Governments of Japan and Canada

September 7/2005
Japan Fair Trade Commission

On September 6th, 2005, the Governments of Japan and Canada signed "AGREEMENT BETWEEN THE GOVERNMENT OF JAPAN AND THE GOVERNMENT OF CANADA CONCERNING COOPERATION ON ANTICOMPETITIVE ACTIVITIES" at Ottawa, Canada. Mr. Sadaaki Numata, Japanese Ambassador to Canada represented Japan, and Ms. Sheridan Scott, Canada’s Commissioner of Competition represented Canada at the signing ceremony. Mr. Kazuhiko TAKESHIMA, Chairman of the Fair Trade Commission of Japan,also attended the signing ceremony and addressed a speech celebrating the conclusion of the agreement.

The following are expected to result through the agreement:

1 Strengthened enforcement of the competition law of each country against anticompetitive activities with international aspects.

2 Development of cooperation between the competition authorities of the Parties.

3 Coping with the extraterritorial application of the competition law by the other Party.

This agreement will become effective on the thirtieth day after the date of the signature (October 6th, 2005).

The contents of the agreement are as follows:

1. Notification

The competition authority of each Party shall notify the competition authority of the other Party with respect to the enforcement activities of the Party of the notifying competition authority that the notifying competition authority considers may affect the important interests of the other Party.

2. Cooperation
The competition authority of each Party shall render assistance to the competition authority of the other Party in its enforcement activities to the extent consistent with the laws and regulations of the country of the assisting competition authority and the important interests of the Party of the assisting competition authority.

3. Coordination
Where the competition authorities of the Parties are pursuing enforcement activities with regard to related matters, they will consider coordination of their enforcement activities.

4. Request for Enforcement Activities
Where the competition authority of a Party believes that anticompetitive activities carried out in the territory of the country of the other Party adversely affect the important interests of the former Party, that competition authority may request that the competition authority of the latter Party initiate appropriate enforcement activities.

5. Consideration of Important Interests of the Other Party
Each Party shall give careful consideration to the important interests of the other Party throughout all phases of its enforcement activities.

*Every announcement is tentative translation. Please refer to the original text written in Japanese.

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