Russia and China Strengthen Antitrust Cooperation
Russian, Chinese antitrust agencies agree on cooperation
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The antitrust agencies of Russia and China have signed a memorandum of understanding during President Vladimir Putin's visit to Beijing. This agreement outlines cooperation in antitrust enforcement, combating unfair competition, and monitoring advertising compliance for the years 2026-2027.
- 01The memorandum was signed by Maxim Shaskolsky, head of Russia's Federal Antimonopoly Service, and Luo Wen, China's Minister of State Administration for Market Regulation.
- 02The agreement aims to enhance cooperation in various areas, including digital markets and regulatory practices.
- 03Annual meetings and collaborative training programs are part of the cooperation framework outlined in the memorandum.
- 04The signing coincided with the 25th anniversary of the Treaty of Good-Neighborliness, Friendship and Cooperation between Russia and China.
- 05The document emphasizes the importance of information exchange on legislation and competition in key sectors.
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On May 20, 2023, the antitrust agencies of Russia and China formalized their collaboration by signing a memorandum of understanding in Beijing. The agreement was signed by Maxim Shaskolsky, the head of Russia's Federal Antimonopoly Service (FAS), and Luo Wen, the Chinese Minister of State Administration for Market Regulation, during a visit by Russian President Vladimir Putin. This event marked the 25th anniversary of the Treaty of Good-Neighborliness, Friendship and Cooperation, which underpins the bilateral relationship between the two nations. The memorandum outlines a framework for cooperation between the two agencies for the years 2026-2027, focusing on antitrust enforcement, the fight against unfair competition, and ensuring compliance with advertising legislation. Additionally, the agreement includes provisions for the exchange of information regarding legislative and regulatory practices, as well as the competitive landscape in critical sectors, particularly digital markets. The two sides committed to holding annual meetings, enhancing cooperation between border regional offices, and participating in various conferences and training programs to strengthen their partnership.
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This cooperation could lead to more robust enforcement of antitrust laws, benefiting consumers and businesses in both countries.
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