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China urges international cooperation on enforcement of competition law

(Xinhua)

16:05, September 22, 2011

BEIJING, Sept. 21 (Xinhua) -- China on Wednesday called for international cooperation on the enforcement of competition law as officials from BRICS countries gathered in Beijing to discuss how to enforce competition law against the backdrop of economic globalization.

As an important force in the world economy, BRICS countries should communicate with each other closely to boost cooperation with other countries as well as international organizations in terms of enforcing competition law, said China's Vice Premier Wang Qishan at the opening session of the 2nd BRICS International Competition Conference.

The conference was held by China's State Administration for Industry and Commerce, with officials from Brazil, Russia, India, China, and South Africa (BRICS) in attendance.

"China attaches great importance to the enforcement of competition law," Wang said, adding that enterprises competing fairly are encouraged while those behaving unfairly have been punished by law.

Starting from October 2010, Chinese police arrested 9,031 suspects over the course of a nine-month campaign designed to crack down on piracy and other intellectual property rights (IPR) infringements. A total of 12,854 illegal factories producing counterfeit goods were shut down and 4,904 criminal organizations responsible for selling the goods were broken up during the campaign.

"As the recovery of the global economy still faces severe challenges at present, the cooperation among countries on the enforcement of competition law should be focused on the goal of achieving robust, sustainable and balanced growth," Wang said, urging all countries to open up their markets and eliminate various trade and investment barriers so as to advance fair competition in the international market and the free flow and optimized distribution of production factors globally.

"Cooperation in enforcing competition law should feature openness and tolerance," said the vice premier.

While discussing common ground, the countries should also take into consideration different national situations and phases of development, giving more attention to the interests and claims of emerging economies and developing countries, he added.

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