Preface
Face - Contents - Bottom - Previous/Next "Annual Report 2003" Annual Report 2003 is the annual English report that gives an outline of the Authority's activities and cases in the past year. A major feature of 2003 was the preparations for increased international co-operation in connection with the new EU rules coming into force on 1 May 2004. The new rules will result in close co-operation with the EU Commission as well as other national competition authorities. These new rules will mean that the Competition Council and Authority, in co-operation with other national competition authorities, will deal with some of the cases that were previously dealt with by the Commission. The Authority looks forward to taking part in this new extended co-operation. As a result of globalisation, companies tend to become ever larger and more alike. At the same time, there is an increase in companies' cross-border business partnerships. Unfortunately, this also provides greater opportunities for the formation of international cartels and other behaviour detrimental to competition. Thus, the new EU rules will fulfil an increasing requirement for the national competition authorities to exchange information. As a consequence, the increased international co-operation will lead to more efficient competition and resource allocation, benefiting both the consumers and the companies in Europe. Finn Lauritzen Version 1.0 March 2004 • © Danish Competition Authority. |