The Consumer Product Safety Commission (CPSC) and the Australian Competition & Consumer Commission (ACCC) have signed a Memorandum of Understanding (MOU) to help reduce the risks of injuries and fatalities associated with consumer products common in the United States and Australia. The agreement reportedly formalizes the “already well established” product safety relationships between both countries, according to an ACCC press release.

“The collaboration between the ACCC and the CPSC reflects the clear recognition in both Australia and the U.S. that consumer product safety is an increasingly international issue,” ACCC Deputy Chair Peter Kell said. He noted that the MOU will help both countries coordinate and share product safety data “that will ultimately lead to a safer marketplace for consumers.” See ACCC Press Release, January 13, 2011.