MANILA โ The antitrust bodies of the Philippines and Australia have committed to strengthen their cooperation on advocacy and enforcement following the signing of a Memorandum of Understanding (MOU) in Canberra.
In a statement Tuesday, the Philippine Competition Commission (PCC) said Chairperson Michael Aguinaldo signed an MOU with Australia Competition and Consumer Commission (ACCC) Chair Gina Cass-Gottlieb last February 28.
โThe MOU will further solidify the strong bilateral ties between the Philippines and Australia and will enable the PCC to contribute to the effective enforcement of their respective competition laws,โ Aguinaldo said.
Under the MOU, the PCC and ACCC agreed to promote and facilitate the exchange of information, experiences, and best practices on competition law and policy.
Both antitrust bodies also committed to promote technical and capacity-building assistance between the two countries.
With the MOU, the Philippines and Australia will also coordinate and cooperate on cases of mutual interest, subject to confidentiality and legal requirements.
โACCC is proud to be a partner of PCC in advancing the common goals of consumer welfare and economic development,โ Cass-Gottlieb said. She likewise acknowledged the PCCโs role in advancing fair and competitive markets in the Philippines.
The ACCC has been supporting the PCC since its establishment in 2016, such as drafting the Philippine Competition Actโs implementing rules and regulations, secondments of officials and staff under the Competition Law Implementation Program (CLIP), and conducting regular capacity-building activities. (PNA)
