On June 24, 2011, Assistant Attorney General Christine Varney announced that the U.S. antitrust enforcement agencies will be signing a cooperation agreement with their Chinese counterparts. As a consequence, companies can now expect to see the Chinese authorities participating in coordinated “dawn raids” and related cooperative enforcement initiatives with the U.S. and EU antitrust enforcers in international cartel cases.

On June 24, 2011, Christine Varney, Assistant Attorney General in charge of the Antitrust Division of the U.S. Department of Justice (DOJ), announced that the Federal Trade Commission and DOJ will sign a Memorandum of Understanding (MOU) with China’s three competition law enforcement agencies—the Ministry of Commerce (MOFCOM), the National Development and Reform Commission (NDRC), and the State Administration for Industry and Commerce (SAIC). The Memorandum is expected to be signed at the end of August 2011.