April 17, 2014 — OTTAWA, ON — Competition Bureau
The Competition Bureau met with senior officials from China’s State-owned Assets Supervision and Administration Commission (SASAC) in Ottawa yesterday in an effort to facilitate future communication and collaboration between the agencies.
Commissioner of Competition John Pecman and other senior Bureau officials held discussions with a SASAC delegation led by Vice Chairman Huang Shuhe. The meeting allowed the agencies to share information about their respective processes, with an aim to supporting efficient and effective reviews of mergers and acquisitions involving China’s state-owned enterprises.
Topics discussed during the meeting included the Bureau’s merger review process and enforcement approach under the Competition Act, as well as SASAC’s role and policies relating to China’s state-owned investments in Canada.
- Yesterday’s meeting was an important step in building a relationship between SASAC and the Bureau that will facilitate dialogue and cooperation in the future.
- The meeting reflects the Bureau’s commitment to increasing international cooperation, communication and trust between agencies through face-to-face conversations.
- International cooperation assists the Bureau in the effective enforcement and administration of the Competition Act, to the benefit of consumers and businesses.
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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.