Zhang Mao Met with Kim Sang-jo, Chairman of Korean Fair Trade Commission, Advocating to Promote Competition Policy and Create a Fair and Orderly Market Environment

time:2018-08-22 10:30:00  Author:  Source:

  On July 30, Zhang Mao, Director of the State Administration for Market Supervision, met with the visiting Kim Sang-jo, chairman of Korean Fair Trade Commission, and his team. Zhang Mao said he hoped to take the opportunity of China's Competition Policy Forum to strengthen international exchanges in the field of competition policy, promote bilateral cooperation between both sides and create a fair and orderly development environment for market entities.

  On July 30, Zhang Mao, Director of the State Administration for Market Supervision,
met with the visiting Kim Sang-jo, chairman of Korean Fair Trade Commission, and his team.

  Zhang Mao welcomed Kim Sang-jo to the 7th China Competition Policy Forum and his first visit to the State Administration for Market Supervision. Zhang Mao pointed out that with the development of China's market economy, more and more enterprises are calling on the government to establish an impartial competitive market. The Chinese government emphasizes that the market plays a decisive role in resource allocation, establishes competition policy as a basic national policy, and encourages free, fair and orderly market competition. Impartial competition is the basic principle of market economy. This year marks the tenth anniversary of the implementation of the Antitrust Law in China. In the past decade, China has made pioneering achievements in its anti-monopoly work from nothing. We have constantly improved laws and regulations on competition, concentrated the efforts on protection of consumers' rights and interests, made equal treatment to both Chinese and foreign enterprises as well as state-owned and private enterprises and promoted the sustained and sound development of the market economy.

  Zhang Mao pointed out that China and South Korea have good cooperation bases in such competitive fields as anti-monopoly, competition enforcement and consumer protection. The State Administration for Market Supervision will continue to implement the cooperation agreements previously signed with the Korean side and will continue to deepen bilateral exchanges and cooperation, enhance mutual understanding and communication on laws, regulations and business environment rules, learn from each other's experience and create a better development environment for market players.

  Kim Sang-jo expressed full appreciation for the meeting with Director Zhang Mao  and praised the cooperation between the two countries in the fields of anti-monopoly and unfair competition. He said that currently bilateral cooperation in all areas of economy and trade is developing rapidly, and he hoped to continue to consolidate and develop sound cooperative relations with the relevant departments of the State Administration for Market Supervision, deepen cooperation achievements in such areas as anti-monopoly, anti-unfair competition and safeguarding consumers' rights and interests, and promote the healthy development of enterprises of the two countries.

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