February 2, 2016 — OTTAWA, ON — Competition Bureau
Commissioner of Competition John Pecman was in Tokyo today for meetings with the Japan Fair Trade Commission (JFTC).
Competition Bureau (Bureau) and JFTC officials discussed recent competition law and policy developments in Canada and Japan, including agency priorities and corporate compliance programs, as well as their immunity and leniency programs.
Japan is one of Canada’s largest trading partners. The Bureau and the JFTC meet every two years as part of the Agreement between the Government of Canada and the Government of Japan concerning Cooperation on Anticompetitive Activities, which was signed in 2005.
Bilateral meetings between the Bureau and its international counterparts facilitate communication, collaboration and trust between competition agencies which is essential in a global economy where business activities cross borders. This meeting reflects the Bureau’s commitment to increased international cooperation and the exchange of best practices.
Commissioner Pecman also met with members of the Japanese business community today to discuss developments in competition law in Canada, Bureau priorities, international cooperation and corporate compliance programs.
From February 3 to 5, 2016, the Competition Bureau delegation will also participate in the Eleventh International Cartel Workshop in Tokyo, jointly organized by the American Bar Association and International Bar Association. At this workshop, competition law enforcers and counsel from around the world will demonstrate how international cartels are investigated in their jurisdiction using a hypothetical cartel example.
- The Bureau is committed to enhancing the impact of its competition compliance and promotion efforts through increased collaboration with its international enforcement partners.
- Cooperation with the Bureau’s international counterparts aids in the effective enforcement and administration of the Competition Act.
- The Bureau has cooperation instruments in place with 13 jurisdictions, including Australia, Brazil, Chile, the European Union, India, Japan, New Zealand, the People’s Republic of China, the Republic of Korea, Mexico, Taiwan, the United Kingdom and the United States.
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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.