MOFCOM's Anti-monopoly Bureau, Austrian competition authority agree antitrust MoU provisions

The Anti-monopoly Bureau (AMB) at China's Ministry of Commerce (MOFCOM)  has reached a consensus with Austria's competition authority -- the Bundeswettbewerbsbehörde (Austrian Federal Competition Authority) -- on the terms of a pending antitrust memorandum of understanding on 14 August, according to a MOFCOM press release issued today.

Agereement was reached during a visit by a MOFCOM delegation led by Shang Ming, director general of the AMB, to Austria. The MOFCOM team held meetings with the Austrian Federal Competition Authority and Austria’s Cartel Court during the visit.