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Harmonization

Harmonization is process being used to coordinate laws and enforcement of competition policies across countries

Several bilateral treaties are in place

OECD has worked to coordinate antitrust enforcement

EU and U.S. now jointly review global mergers

EU also coordinating more closely with Japan Fair Trade Commission

Despite these efforts, lack of common standards creates a problem for cross-border mergers

Brookings Institution report has called for multi-country effort to harmonize competition policies

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