Competition: Second EU-US Joint Technology Competition Policy Dialogue consolidates international cooperation on competition policy and enforcement in technology sector

European Commission Executive Vice-President Margrethe Vestager, US Federal Trade Commission Chair Lina Khan and the Assistant Attorney General for Antitrust of the US Department of Justice Jonathan Kanter met in Brussels for the second meeting of the EU-US Joint Technology Competition Policy Dialogue (‘TCPD’). Following the launch of the TCPD on 7 December 2021, the heads of the European and US competition authorities met to take stock on the progress made on their cooperation efforts to ensure and promote fair competition in the digital sector. Among others, the discussion focused on: (i) the importance of forward-looking analysis in the field of technology to identify future key markets and issues that may arise in the digital sector (ii) the adoption of effective remedies in digital cases, and (iii) the need to keep merger regulations fit for purpose in a digitalised economy. The European Commission and the US authorities have underlined the good cooperation since the launch of the TCPD on common challenges faced by the three authorities in the technology sector. Throughout the year, several technical meetings took place on various topics covering both merger and antitrust matters. The TCPD will continue with high-level meetings, as well as regular discussions at technical level. Margrethe Vestager, European Commission Executive Vice-President in charge of competition policy, said: “With today’s meeting, we have continued the long standing tradition of close cooperation in competition policy and enforcement between the European Commission and the US competition authorities. In the fast evolving technology sector, this cooperation is crucial to achieve a fair and inclusive digital transformation on both sides of the Atlantic.” A press release is available online.