179 united states department of justice press release

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179 United States Department of Justice Press Release, 16 September 2003, available at: www.usdoj.gov/atr/public/press release/2003. 180 Federal Trade Commission Press Release, 30 May 2002 [online]. Available at: http://www.ftc. gov/opa/2002/05/bayeraventis.htm.
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WT/TPR/S/126 Trade Policy Review Page 77 issued in June 2002; the second was in May 2003. 181 On competition policy, the United States noted that its antitrust agencies were continuing to review the appropriate scope and reach of various limitations on and exemptions to the applicability of the U.S. federal antitrust laws. 11. With respect to the decision to be taken at the Fifth Session of the Ministerial Conference on modalities of negotiations on the interaction between trade and competition policy, the United States made a submission to the Working Group on the Interaction between Trade and Competition Policy, to suggest the negotiation of a peer review system. 182 (b) Implementation and enforcement activities Antitrust Division of the Department of Justice 1. During the 2001-03 period, competition policy enforcement by the Department of Justice has continued to focus on the activities of international cartels. After record fines in FY 1999, fines imposed declined to US$103 million in FY 2002 (Table III.10). 2. Cases that resulted in fines during FY 2001 and 2002 included Bilhar International Establishment of Liechtenstein, which pleaded guilty and agreed to pay US$54 million for its role in the bid-rigging conspiracy on U.S.-funded construction contracts in Egypt. 183 In a case initiated in parallel with the FTC (see below), the Hearst Corporation was imposed a US$4 million civil penalty, the largest ever, for violating antitrust pre-merger notification requirements. Table III.10 Antitrust statistics and case results 1993-02 (fiscal years) Investigation 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 Sherman Act Sect 1: Restraint of Trade 110 136 98 93 73 80 55 82 80 94 Sherman Act Sect. 2: Monopoly 7 22 16 14 8 5 5 8 13 Clayton Act Sect. 7: Mergers of which: Hart-Scott-Rodino 102 72 102 57 134 88 237 186 276 220 228 176 230 175 177 137 175 106 129 76 Case results Number of corporations fined 64 59 32 31 30 18 25 26 14 17 Amount of fines to corporations (US$ million) 40.4 39.0 40.2 25.2 203.9 241.6 959.9 303.2 270.8 93.8 Amount of fines to individuals (US$ million) 1.9 1.2 1.2 1.6 1.2 2.5 12.3 5.2 2.0 8.7 Total fines imposed (US$ million) 42.3 40.2 41.4 26.8 205.2 244.1 972.1 308.4 272.8 102.5 Source : Department of Justice, Antitrust Division. 3. In FY 2003, several large fines were applied for international cartel activity, including a US$10 million fine imposed on Morganite, Inc., a U.S. company, charged with participating in an international cartel to fix the price of various types of electrical carbon products sold in the United States and elsewhere. 184 A US$28.5 million fine was imposed on Arteva Specialties, S.a.r.l., 181 The reports are available online at: http://www.ustr.gov/regions/japan/2002-06-25- report_to_leaders.PDF and http://www.ustr.gov/regions/japan/2003-05-23-report.pdf.
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