RUSSIA AND CHINA PROGRESSIVELY DEVELOP COOPERATION IN ANTIMONOPOLY REGULATION
Head of the Russian Federal Antimonopoly Service Igor Artemiev and Deputy Minister of the State Administration for Market Regulation (SAMR) of the People’s Republic of China, Madame Gang Lin held negotiations on the VI BRICS Competition Conference in Moscow
Head of FAS Igor Artemiev thanked SAMR Deputy Ministerfor the interest in the Conference and said that “the People’s Republic of China is one of our main partners; collaboration with PRC is one of FAS priorities”.
He emphasized multi-year mutually beneficial cooperation between the antimonopoly bodies of Russia and China. In the modern conditions, collaboration between competition authorities in the course of antimonopoly investigations and global merger consideration are becoming increasingly more and more important.
Igor Artemiev and Gang Lin signed 2020-2021 Memorandum of Understanding between FAS and SAMR under the frame of the Intergovernmental Agreement on cooperation in the field of countering unfair competition and antimonopoly policy of 25 April 1996, providing, in particular, for interaction at the level of Central Offices as well as Regional Offices of the competition authorities of the two countries.
The parties expressed hope for further expansion and improvement of collaboration and signing a new Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on cooperation in antimonopoly enforcement and antimonopoly policy. The item was on the agenda of the recent meeting of Heads of Government of Russia and Chine in St Petersburg.
“The new Agreement will form the basis for close cooperation between our bodies and fully account for the modern economic reality, including digitalization and globalization of the world economy. It will also form the necessary base to efficiently prevent cross-border violations”, emphasized Igor Artemiev.
The parties also discussed directions for cooperation under the BRICS format.
“During all these days, when the Conference goes on, we have repeatedly stated the efficiency of the format and topicality of the efforts of BRICS Working Groups towards developing competition on socially important markets”, pointed out Igor Artemiev.
The parties analyzed the work of BRICS Antimonopoly Centre and gave it a positive assessment. Igor Artemiev suggested expanding its performance format, moving from online to fully-fledged international institution with own personnel from BRICS countries:
“We would like to collaborate with you not only in the virtual space but create a standing interaction mechanism at the level of our staff and experts precisely in a face-to-face form for both bilateral relations and BRICS issues. It will enable representatives of BRICS antimonopoly bodies, in particular, to collaborate on an ongoing basis regarding practical enforcement issues”.
FAS also offered its assistance to SAMR representatives in preparing the VII BRICS Competition Conference which takes place in China in 2021.