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Fourth Annual Chicago Forum on International ... - Mayer Brown

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MEMORANDUM OF UNDERSTANDING ON ANTITRUST COOPERATION<br />

BETWEEN THE UNITED STATES DEPARTMENT OF JUSTICE AND<br />

THE UNITED STATES FEDERAL TRADE COMMISSION,<br />

AND<br />

THE MINISTRY OF CORPORATE AFFAIRS (GOVERNMENT OF INDIA) AND<br />

THE COMPETITION COMMISSION OF INDIA<br />

The United States Federal Trade Commissi<strong>on</strong> and the United States Department of<br />

Justice, <strong>on</strong> the <strong>on</strong>e hand, and the Ministry of Corporate Affairs (Government of India)<br />

and the Competiti<strong>on</strong> Commissi<strong>on</strong> of India, <strong>on</strong> the other hand (collectively referred to as<br />

the "U.S. and Indian competiti<strong>on</strong> authorities"),<br />

Desiring to enhance the effective enforcement of their competiti<strong>on</strong> laws by creating a<br />

framework that provides for enforcement cooperati<strong>on</strong> between the U.S. and Indian<br />

competiti<strong>on</strong> authorities,<br />

Recognizing the benefit of technical cooperati<strong>on</strong> between the U.S. and Indian competiti<strong>on</strong><br />

authorities in order to enhance an envir<strong>on</strong>ment in which the sound and effective<br />

enforcement of competiti<strong>on</strong> law and policy supports the efficient operati<strong>on</strong> of markets<br />

and ec<strong>on</strong>omic welfare of the citizens of their respective nati<strong>on</strong>s,<br />

Recognizing that the development of a well-functi<strong>on</strong>ing system for effectively<br />

implementing competiti<strong>on</strong> law and policy involves the U.S. and Indian competiti<strong>on</strong><br />

authorities, and also other government agencies, and the legal, business, and academic<br />

sectors, and

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