What is the EU competition Commission?
What is the EU competition Commission?
The European Commission, together with the national competition authorities, directly enforces EU competition rules, Articles 101-106 of the Treaty on the Functioning of the EU (TFEU), to make EU markets work better, by ensuring that all companies compete equally and fairly on their merits.
What is the European Union competition policy?
The aim of EU competition policy is to safeguard the correct functioning of the single market. In essence, it ensures that enterprises have the possibility to compete on equal terms on the markets of all Member States.
Who is the EU’s competition chief?
Margrethe Vestager
The Commissioner for Competition is the member of the European Commission responsible for competition. The current commissioner is Margrethe Vestager (ALDE).
What does dg comp stand for?
Directorate – General for Competition (DG Comp) Related Content. Formerly known as DGIV. The part of the European Commission which deals with regulation of competition law issues. Cross-border: Commercial and International Trade.
What is the purpose of EU competition law?
The main objective of the EU competition rules is to enable the proper functioning of the EU’s internal market as a key driver for the well-being of EU citizens, businesses and society as a whole.
What is the purpose of competition law?
A core objective of competition law is to prohibit firms for engaging in conduct which will distort the competitive process and harm competition by, for example, preventing firms from indulging in anti-competitive agreements, preventing firms with a powerful position on a market from abusing their market power, or …
WHO is concerned by competition law?
The FTC’s competition mission is to enforce the rules of the competitive marketplace — the antitrust laws. These laws promote vigorous competition and protect consumers from anticompetitive mergers and business practices.
What does DG stand for European Commission?
Directorate-General for Neighbourhood and Enlargement Negotiations
The mission of the Directorate-General for Neighbourhood and Enlargement Negotiations (DG NEAR) is to take forward the EU’s neighbourhood and enlargement policies, as well as coordinating relations with EEA-EFTA countries insofar as Commission policies are concerned.