A Memorandum of Understanding was signed between Competition Commission of India (CCI) and Australian Competition and Consumer Commission (ACCC) on Cooperation at Canberra, Australia on 3 June 2013.
This MoU was signed by the Chairperson of CCI, Ashok Chawla and Chairman of ACCC, Rod Sims. The signing took place in the presence of State Minister of Corporate Affairs (Independent Charge), Sachin Pilot.
Features of the MoU:
• The MoU provides for sharing information on significant developments in competition policy and enforcement developments in the respective jurisdictions.
• The MoU provides for common interest of CCI and ACCC to work together in technical cooperation activities as well as cooperate in appropriate cases, consistent with the respective enforcement interests, legal constraints, and available resources.
• It is planned to evaluate the effectiveness of the cooperation under the Memorandum on a regular basis to ensure that the expectations and needs are being met.
• It is also expected to further strengthen existing cooperation between CCI and ACCC.