13 January 2022
The Competition and Consumer Commission of Singapore (“CCCS”) and the State Administration for Market Regulation of the People’s Republic of China have signed a Memorandum of Understanding (“MOU”) to enhance understanding and cooperation in the field of competition law. CCCS posted a media release about the MOU on the CCCS website www.cccs.gov.sg on 29 December 2021.
The MOU will facilitate technical cooperation, experience sharing, information exchange and coordination for cases of mutual interest. It will also enhance the development of competition policy and law between both agencies and in the region.
Since 2017, CCCS has entered into a cooperation agreement with the Japan Fair Trade Commission, and inked MOUs with competition regulators in Canada, Indonesia and the Philippines. Such cooperation agreements provide CCCS with a framework to cooperate with other competition agencies on competition law enforcement, technical cooperation and experience sharing, and enhance CCCS’s capabilities to handle a broader spectrum of cases, including many which have a cross-border dimension.