A few days ago, delegation of State Administration for Industry & Commerce of P.R.C signed Sino-EU "Memorandum of Understanding on the Cooperation in Anti-monopoly Law Field with European Commission in Brussels, Belgium.

Vice President of European Commission and EC member in charge of Competition Policy Affairs, Joaquin Almunia pointed out that the signing of this memorandum of understanding will further enhance the good relationship between the EU and China's anti-monopoly law enforcement agencies and has injected new impetus for Sino-EU cooperation.

Under the memorandum of understanding, two sides will carry out exchanges in the following aspects: exchange on the progress of competition legislation and law enforcement experience, exchange experience in promoting the operation of completion law enforcement agencies of both sides, exchange on multilateral competition and cooperation activities, exchange experiences on how to enhance legal consciousness of companies and the public regarding Competition and Anti-monopoly Law, exchange views and experiences on the coordination mechanism of the China-EU technical cooperation in the field of competition law. If the law enforcement activities of the two sides involve the same or related matters, the two sides can exchange non-confidential opinions on the matters, exchange experience and point of view and even directly coordinate their enforcement activities respectively.