EU seeking co-op with China in competition policy

BRUSSELS—The European Union (EU) is seeking to share its experience and promote cooperation with China in competition policy, the bloc’s antitrust chief said in an interview with Xinhua on Friday, one day after China adopted a new anti-monopoly law.
Neelie Kroes, the EU Competition Commissioner who will pay her first official visit to China next week, said it was a coincidence that her trip was welcomed by the adoption of the new legislation.
“The main purpose is to congratulate the Chinese people and the government for the adoption of the first comprehensive anti-monopoly law. That is really a historical fact that we are facing,” she said, adding the implementation of a transparent and non-discriminatory competition regime will benefit the Chinese economy and Chinese consumers.
The Standing Committee of the Chinese National People’s Congress on Thursday passed the country’s first anti-monopoly law, which will come into effect on Aug. 1, 2008. It marked the end of a key legislative process lasting more than 13 years.
Kroes said the new law will surely become a major subject when she has high-level ministerial meetings in Beijing with her Chinese counterparts on competition policy and on enhancing cooperation.
“It is an opportunity to get in touch with Chinese officials,” Kroes said, “We are proud we can be of help. We sincerely hope that our cooperation will continue and will be as fruitful as it is now.”
The European Commission said Kroes’ visit takes place in the framework of the EU-China Competition Policy Dialogue, a policy exchange mechanism established in 2003 whose primary objective is to establish a permanent forum for consultation and transparency between the two sides, and to enhance the EU’s technical and capacity-building assistance to China regarding competition law.
“We were quite close in our cooperation, and we are prepared to give a hand and to offer our experience with our competition policy and regulations” to China, Kroes said.
Kroes said that, as the new law was passed, she is now especially interested in how it will be implemented and hopes to explore ways during her trip to strengthen bilateral relations with different bodies which will enforce the law in China.
“It (the Chinese anti-monopoly law) was adopted. It is a fact. Now it has to be implemented, so it is very interesting to discuss also how to implement it. That is of course the next step. We have a bit of experience in dealing with competition policy after fifty years in Europe,” she said.
“I am highly interested in what is planned in the next period and in creating more reciprocal trade and investment opportunities for both the EU and Chinese operators,” she added.
After visiting Beijing, Kroes will travel to Dalian, a seashore resort in northeast China, to attend a World Economic Forum. She is also expected to address a group of business people on the EU competition policy.—Xinhua