What Is Antitrust Regulation?

Antitrust law is the general name of legislation, administrative regulations, judicial precedents and international treaties used to control monopoly activities in domestic and foreign economic activities. In a broad sense, monopolistic activities have the same meaning as restrictive business practices ("restrictions" means restricting competition), cartels, and trust activities; in a narrow sense, international restrictive business practices mean that in economic Mergers, takeovers (monopoly activities in the narrow sense), or collusion to conduct improper business activities such as collusion bidding, price manipulation, market division, etc. (narrowly restricted business practices).

Antitrust law

anti-

Legislation against monopoly practices, trade restrictions, and collusion between manufacturers that aim to raise prices or eliminate competition.

After the United States entered the stage of monopoly capitalism,

US federal law is designed to prevent monopolies and trade restrictions.

Important legislation includes:

1) The Sherman Antitrust Act of 1890 prohibits monopoly behavior.

2) The "Clayton Antitrust Act" passed in 1914 is an amendment to the "Sherman Act", which aims to target local price discrimination and further crack down on trade restrictions.

3) In 1914, the US Federal Trade Commission Act was passed to create the US Federal Trade Commission (FTC), which has investigative powers and can issue orders to prevent interstate unfair business practices.

The enterprises participating in the trust are no longer independent production and operation units in production, law and commerce. Instead, the trust organization's board of directors and its appointed managers will be in charge of all production, sales, and financial activities of the enterprises. Trust's leadership is in the largest companies

International or foreign related

To ease

The American economic system is based on the theory of free competition.

In order to strengthen Sino-US cooperation in the field of antitrust, on July 27, China's three antitrust law enforcement agencies, the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Industry and Commerce, and the United States Antitrust Law Enforcement Department of Justice and the Federal Trade Commission jointly signed Memorandum of Understanding on Antitrust and Antitrust Cooperation. Gao Hucheng, international trade negotiator and deputy minister of the Ministry of Commerce, Peng Sen, deputy director of the National Development and Reform Commission, Zhong Youping, deputy director of the State Administration for Industry and Commerce, and visiting US Federal Trade Commission Chairman Lipowitz and Deputy Minister of Justice Wani, respectively The respective institutions attended the signing ceremony. The memorandum establishes a long-term cooperation framework between Chinese antitrust enforcement agencies and US antitrust agencies to promote more effective enforcement of competition laws and policies by both parties. According to the memorandum, Sino-US antitrust and antitrust law enforcement agencies will strengthen cooperation in the following areas:

The first is to inform each other of important developments in their competition policies and antitrust enforcement in a timely manner.

The second is to strengthen the capacity building of both sides through carrying out competition policy and legal activities.

Third, according to actual needs, the two sides exchanged antitrust enforcement experience.

The fourth is to comment on the revision of antitrust laws and related supporting legislative documents.

Fifth, exchange views on multilateral competition laws and policies.

The sixth is to exchange experiences in improving the competition policy and legal awareness of enterprises, other government agencies, and the public.

The memorandum builds on the existing cooperation between China and the United States in antitrust and antitrust, establishes a cooperation mechanism, enriches the content of cooperation, innovates cooperation methods, and further deepens cooperation in the field of antitrust between China and the United States. ^[1]