FTC established international cartel team

The Fair Trade Commission established an ‘international cartel team’ aimed at heightening global cooperation to combat with international cartel of price and supplying collusion. An official from the cartel watchdog said “an international cartel case has been further down in the priority list compared to a domestic one due to lack of personnel, and it usually takes years to conduct and study one case, but now that the exclusive team is formed, we expect market supervision and analysis will be much strengthened, and consequently we can spot more illegal cases.”