- UK-EU Competition Cooperation Agreement: The UK Government and the European Union have concluded technical negotiations on an agreement to enhance cooperation between the UK’s Competition and Markets Authority (CMA) and EU competition authorities, supplementing the UK-EU Trade and Cooperation Agreement (TCA).
- Improved Enforcement and Collaboration: The agreement aims to improve the enforcement of global competition laws through greater dialogue and information sharing on investigations into cross-border unfair competition practices, benefiting businesses and consumers in both regions.
- Framework for Future Cooperation: Expected to be signed in the coming year, the agreement underscores the importance of international cooperation in a globalized economy and will be scrutinized by Parliament. It aligns with the UK Government’s mission to promote open and fair competition globally, supporting economic growth.
Source gov.uk
