Five Eyes competition authorities to focus on collusion in international trade
Global efforts to prevent anti-competitive conduct from occurring in the supply and distribution of goods will be boosted by a new working group announced today between the ACCC, US Department of Justice and Federal Bureau of Investigation, Canadian Competition Bureau, NZ Commerce Commission, and UK Competition and Markets Authority.
The five competition authorities will focus on illegal conduct, including collusion, in global supply chains, in light of the pandemic-induced disruptions that have led to much higher freight rates and more expensive goods for consumers.