G7 Focuses on Digital Competition at Tokyo Meeting
The French Competition Authority's President, Benoît Coeuré, participated in a G7 meeting in Tokyo, where a new Digital Competition Communiqué was adopted to enhance competition in digital markets.
07.11.2023 | French competition authority
On November 8 and 9, the President of the French Competition Authority, Benoît Coeuré, took part in a significant working group meeting organized by the Japanese presidency of the G7 in Tokyo. This meeting brought together competition authorities and policymakers from G7 nations to discuss pressing issues related to digital competition.
During the meeting, the participants adopted the joint annual update of the 'Compendium of Approaches to Improving Competition in Digital Markets.' This document serves as a comprehensive guide outlining various strategies and methodologies that can be employed to foster competition within the rapidly evolving digital landscape.
In a notable development, the G7 also introduced a 'Digital Competition Communiqué' for the first time. This communiqué articulates the collective initiatives aimed at promoting and safeguarding competition in digital markets. It emphasizes the commitment of G7 countries to address competition concerns that arise from emerging technologies, reflecting a proactive approach to managing the challenges posed by digital transformation.