The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi on Tuesday, April 20,  approved the Memorandum of Understanding (MOU) between the Competition Commission of India (CCI) and the Administrative Council for Economic Defense of Brazil (CADE).

Section 18 of the Competition Act, 2002 allows the Competition Commission of India to enter into any Memorandum or arrangement with any agency of any foreign country for the purpose of discharging its duties or performing its functions under the Act.

Accordingly, Competition Commission of India has entered into the following six MoUs namely

Federal Trade Commission (FTC) and Department of Justice (DOJ), USA (2) Director General Competition, European Union (3) Federal Antimonopoly Service, Russia (4) Australian Competition and Consumer Commission (5) Competition Bureau, Canada (6)

BRICS Competition Authorities. The present proposal relates to the signing of a similar Memorandum of Understanding between the Competition Commission of India and Council for Economic Defense of Brazil.

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