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Commerce Commission enters Alliance

By Phil Boeyen, ShareChat Business News Editor

Friday 27th October 2000

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The worldwide trend for company alliances and partnerships appears to have rubbed off on New Zealand's industry watchdog, the Commerce Commission, which has entered into a co-operation agreement with two overseas agencies.

The Commission says it is to be part of a co-operation arrangement with its equivalents in Australia and Canada - the Australian Competition and Consumer Commission and the Canadian Competition Bureau.

Chairman John Belgrave says that as cross-border commerce is becoming easier and more widespread, competition agencies must correspond accordingly.

"The agencies will share information as allowed by existing privacy and confidentiality laws, co-ordinate enforcement activities where appropriate and avoid any conflict in enforcement action."

"The co-operation arrangement is part of ongoing efforts to ensure that the Commerce Commission has the tools to deal effectively with increasingly globalised markets."

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