The European Commissioner for Competition Margrethe Vestager and her counterpart from Mexico’s Federal Competition Commission Chairwoman (COFECE) Alejandra Palacios on June 4 signed a cooperation arrangement between the two competition authorities.
“This new framework for dialogue will give further impetus to our excellent cooperation with Mexico’s competition authority. We have now formalised the basis for this cooperation and are committed to intensifying our ties, and to the benefit of consumers and companies in Mexico and the EU,” said the bloc’s competition chief on Monday.
The two sides agreed on a framework for dialogue on competition policy issues and for sharing non-confidential information on individual cases. The distinct points of this arrangement provide for the exchange of information on competition laws and policies, on multilateral initiatives and advocacy efforts, as well as coordinating the enforcement activities of the EU Commission and the COFECE when working on the same or related matters. The agreement also covers future merger cases that will be subject to review across several jurisdictions.
The two competition authorities agreed to mutually refer cases if they involve anti-competition practices that are carried out in Mexico. Furthermore, cooperation on technical matters through the training or exchange of officials was also included in the agreement.
“The signing of this framework for a dialogue on competition policy issues reflects the ambition of enhanced cooperation on competition matters between the EU and Mexico, to the benefit of both,” the Commission said in a statement released shortly after the signing of the agreement.