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Brief
On 29/10/2024, the Competition and Markets Authority issued an update regarding New UK-EU Competition Cooperation Agreement. This agreement aims to improve cooperation between the UK's and EU's competition authorities, allowing for greater dialogue and effective enforcement of global competition laws.
The agreement will support businesses in both the UK and EU by facilitating collaboration on investigations into unfair competition practices that cross borders. It is expected to help strengthen UK-EU cooperation for mutual benefit, promoting open and fair competition globally. The agreement complements the Prime Minister's call for UK regulators to support the Government's growth mission.
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