International Trustbusting Exchanging Information With Foreign Antitrust Autho

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International Trustbusting Exchanging Information With Foreign Antitrust Autho
Ties203a20hearing20before20the20subcommittee
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Agencies, they would be required to evalu- ate the likelihood of reciprocal cooperation, confidentiality, and whether cooperation 24 This may pose a particular problem in the European Union because information disclosed to the European Commission must be disclosed to all member states.
26 In the event a U. S. Agency learns that foreign disclosure has occurred, it should so advise the U. S. Firm that produced the documents or information.
26 The bill introduced in the Senate adopted the Task For
...ce's suggested addition of the follow- ing two findings to the preamble of the lAEAA: (6) The effectiveness of antitrust enforcement in the United States has been enhanced by gov- ernment guarantees of confidentiahty, which encourage the v luntary disclosure of business m- formation; and, ■ • ^- 1 c (7) Credible guarantees of confidentiaUty from foreign antitrust authonties are essential tor the preservation of competition and the continued effective collection of business information.
2' This recommendation is consistent with the recommendations of the Section's 1994 NAFTA Report, which stresses the need for confidentiality.


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