Competition: Second EU-US Joint Technology Competition Policy Dialogue consolidates international cooperation on competition policy and enforcement in technology sector
European Commission Executive Vice-President Margrethe Vestager, US Federal Trade Commission Chair Lina Khan and the Assistant Attorney General for Antitrust of the US Department of Justice Jonathan Kanter met yesterday in Brussels for the second meeting of the EU-US Joint Technology Competition Policy Dialogue (‘TCPD').
Margrethe Vestager, European Commission Executive Vice-President in charge of competition policy, yesterday said: “With today's meeting, we have continued the long standing tradition of close cooperation in competition policy and enforcement between the European Commission and the US competition authorities. In the fast evolving technology sector, this cooperation is crucial to achieve a fair and inclusive digital transformation on both sides of the Atlantic.”
“Dominance in digital markets poses global challenges, which makes global cooperation by antitrust enforcers essential,” said FTC Chair Lina M. Khan yesterday. “Deepening our partnership and exchanging insights with our European colleagues can help ensure that our enforcement practices and policies reflect modern market realities. Ultimately these efforts to promote fair competition in digital markets will benefit consumers, businesses, and workers on both sides of the Atlantic.”
“The European Commission has been an invaluable partner as the Antitrust Division advances its understanding of the market realities and competition challenges presented by digital markets,” said Assistant Attorney General Jonathan Kanter of the Justice Department's Antitrust Division. “We look forward to continued close collaboration as we work to effectively enforce the antitrust laws in our jurisdictions.”
Following the launch of the TCPD on 7 December 2021, the heads of the European and US competition authorities met yesterday to take stock on the progress made on their cooperation efforts to ensure and promote fair competition in the digital sector.
Among others, the discussion focused on: (i) the importance of forward-looking analysis in the field of technology to identify future key markets and issues that may arise in the digital sector (ii) the adoption of effective remedies in digital cases, and (iii) the need to keep merger regulations fit for purpose in a digitalised economy.
The European Commission and the US authorities have underlined the good cooperation since the launch of the TCPD on common challenges faced by the three authorities in the technology sector. Throughout the year, several technical meetings took place on various topics covering both merger and antitrust matters. In the context of these meetings, the three authorities have shared insights and knowledge on each other's policy and enforcement activities in the digital sector.
The three authorities have agreed on the importance of continuing to closely collaborate in the technology sector in the framework of the TCPD, based on the common belief that well-functioning and competitive markets benefit consumers, businesses, and workers on both sides of the Atlantic.
The TCPD will continue with high-level meetings, as well as regular discussions at technical level.
Click here for full press release
Latest News from
Climate change: Deal on a more ambitious Emissions Trading System (ETS)20/12/2022 10:33:00
On Saturday night, MEPs and EU governments agreed to reform the Emissions Trading System to further reduce industrial emissions and invest more in climate friendly technologies.
EU and Ukraine sign €100 million for the rehabilitation of war-damaged schools *20/12/2022 09:25:00
Exactly three months after President von der Leyen's announcement in her 2022 State of the Union Address, the European Commission and the Government of Ukraine have signed a €100 million support package for the reconstruction and rehabilitation of schooling facilities damaged in Russia's full-scale war of aggression against Ukraine.
NextGenerationEU: European Commission endorses positive preliminary assessment of Portugal's second request for €1.8 billion disbursement under the Recovery and Resilience Facility19/12/2022 16:33:00
The European Commission recently (16 December 2022) endorsed a positive preliminary assessment of Portugal's payment request for €1.8 billion of grants and loans under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
'Fit for 55': Council and Parliament reach provisional deal on EU emissions trading system and the Social Climate Fund19/12/2022 15:25:00
The Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package that will further reduce emissions and address their social impacts.
Ukraine: EU agrees ninth package of sanctions against Russia19/12/2022 14:33:00
The Commission welcomes the Council's adoption of a ninth package of hard-hitting sanctions against Russia for its aggression against Ukraine.
Council and European Parliament agree on new safety requirements for machinery products19/12/2022 13:25:00
The Council and the European Parliament negotiators have reached a provisional agreement on the regulation for machinery products. The proposed legislation transforms the 2006 machinery directive into a regulation.
Human rights breaches in China, Chad and Bahrain19/12/2022 12:38:00
On Thursday, the European Parliament adopted three resolutions on the respect for human rights in China, Chad and Bahrain.
Commission welcomes political agreement on new rules to ensure the safety of machinery and robots19/12/2022 11:33:00
The Commission welcomes the political agreement reached by the European Parliament and the Council of the European Union on a new Machinery Regulation.
EU Cohesion Policy: €223.8 million for a just climate transition in Portugal19/12/2022 10:38:00
Portugal will receive more than €223.8 million under the Just Transition Fund (JTF) following hte recent (15 December 2022) adoption of three multi-fund programmes that include the Territorial Just Transition Plans (TJTPs).