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The United States and Mexico signed an antitrust cooperation agreement Tuesday that will let the governments share nonconfidential data during merger reviews. The treaty, signed in Mexico City by Attorney General Janet Reno and Federal Trade Commission Chairman Robert Pitofsky, is similar to those between the United States and Japan, Brazil, the European Union and Canada. The governments also agreed to notify each other about pending antitrust matters that affect both countries and to give “serious consideration” to requests from each other to take antitrust enforcement actions against corporations within their jurisdictions. “Together these provisions provide a sound basis for enhanced cooperation while minimizing possible conflicts between the two nations’ antitrust enforcement activities,” said Joel Klein, assistant attorney general for antitrust at the U.S. Department of Justice. The deal does not permit the agencies to share confidential data secured through the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Corporations, however, may voluntarily waive confidentiality provisions to permit such data sharing. This is often done to expedite merger reviews. Copyright �2000 TDD, LLC. All rights reserved.

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