The US Department of Justice’s Antitrust Division and the Federal Maritime Commission (FMC) signed the first interagency MoU to foster cooperation and communication with the aim of enhancing competition in the maritime industry.
cting Assistant Attorney General Richard A. Powers and FMC Chairman Daniel Maffei signed the MoU between the Antitrust Division and the FMC, which is effective from 12 July. The move followed Friday’s announcement of the Executive Order on Promoting Competition in the American Economy.
Collaboration between the Antitrust Division and the FMC is important to ensuring healthy competition in the maritime industry. Our partnership with the FMC is one of the many ways in which the Antitrust Division is prepared to play its role in achieving the competition objectives of the President’s Competition Executive Order,
…said Acting Assistant Attorney General Powers.
As explained, the MoU establishes a framework for the Antitrust Division and the FMC to continue regular discussions and review law enforcement and regulatory matters affecting competition in the maritime industry. The MoU also includes provisions to establish periodic meetings among the respective agencies’ officials and provides for the exchange of information and expertise that may be relevant to the agencies’ oversight and enforcement responsibilities.
This memorandum between the Commission and the Department of Justice supplements and strengthens the FMC’s ability to detect, address, and pursue violations of the law or anticompetitive behavior by those we regulate,
…noted Chairman Maffei.