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 | | From: | Edmund Fitzgerald | | Subject: | Japan and Canada in cartels pact | | Date: | Sat, 22 Jan 2005 13:08:06 -0500 |
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 | From:
http://news.ft.com/cms/s/eba5119a-6a87-11d9-858c-00000e2511c8.html
Japan and Canada in cartels pact
By Mariko Sanchanta
Published: January 20 2005 02:00 | Last updated: January 20 2005 02:00
Japan's Fair Trade Commission said yesterday it had reached a preliminary
bilateral information-sharing pact with Canada, underlining Japan's efforts
to strengthen international co-operation in fighting international cartels.
If the accord is finalised by the end of this year, Japan and Canada will
notify each other of enforcement activities and may request investigations
of companies suspected of anticompetitive practices.
Japan's Fair Trade Commission has already forged similar pacts with the US
in 1999 and with the European Union in July 2003. But the FTC's efforts at
home to strengthen competition law have met resistance from members of the
ruling Liberal Democratic party and Keidanren, the business lobby. Though
the FTC was fighting to have anti-monopoly legislation passed by the end of
last year, the bill was shelved. But it is hoped it will reach the floor of
parliament in the current session, which opens tomorrow. Mariko Sanchanta,
Tokyo
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