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    mofcom promulgates the provisions on regulating competitive behavior in foreign investment and cooperation


    MOFCOM Promulgates the Provisions on Regulating Competitive Behavior in Foreign Investment and Cooperation



     



     On March 22, 2013, the Ministry of Commerce ("MOFCOM") promulgated the Provisions on Regulating Competitive Behavior in Foreign Investment and Cooperation, specifying that it will, in concert with the relevant departments, establish a poor credit record system of foreign investment and cooperation. An enterprise which has been placed on record for unfair competition shall not enjoy the benefits of relevant national supporting policies for three years.



    According to the Regulations, unfair competition in foreign investment and cooperation includes the acts of seeking market transaction opportunities through commercial bribe, unfair price competition for the purpose of excluding competitors, bid-rigging, degrading competitors’ goodwill, publicizing false business performance and other acts regarded as unfair competition by the law.



    (Source: www.mofcom.gov.cn)


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