The Canada-mexico 2001 Cooperation Agreement In The Field Of Competition LawGlobalization of trade relations in recent years entailed a growing number of business practices, which restrict competition on a transnational level. National legislations are not up to the task of creating laws and regulations to deal with those practices. That is why bilateral agreements in the area of competition have proliferated lately, with a view of trying to handle anticompetitive behavior on an international scale. In this context, a cooperation agreement has been signed in November 2001 between the federal governments of Canada and Mexico, regarding the application of their respective competition laws. The Agreement entered into force on April 11, 2003.
The following questions have been addressed in this article:What is the aim of cooperation between competition authorities?
What are the traditional and the positive comity?
Which cases are notified by one authority to the other?
What kind of information is exchanged and how much are undertakings’ rights protected?