27.01.2023 (Обновлено: 02.02.2023 14:17)

EEC and UNCTAD agreed to continue meetings of regional organizations empowered in competition

Bakhyt Sultanov, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, Pedro Manuel Moreno, Deputy Secretary General of UNCTAD, and Teresa Moreira, Head of the Competition and Consumer Policies Branch of UNCTAD, held working meetings today in Geneva (Switzerland). The key topic of discussion was the Commission's cooperation with regional organizations vested with powers in the field of competition.

“As part of our joint work, I would like to note the support provided by UNCTAD to our initiative in organizing annual meetings of regional organizations vested with powers in the field of competition. For two years in a row, we have been able, with the support of UNCTAD, to gather integration associations from all continents of the world for a general discussion. These are the Andean Community, COMESA, CARICOM, UEMOA, and ASEAN”, Bakhyt Sultanov noted. 

Pedro Manuel Moreno, UNCTAD Deputy Secretary-General, noted the efficient interaction between UNCTAD and the EEC Competition Unit and expressed hope for its further strengthening. 

Besides, the parties discussed the participation of the EEC Competition and Antitrust Regulation Unit in the UNCTAD Working Group on Cross-Border Cartels. 

“We stress the importance of this Group's activities and its desire to prepare a document systematizing the best experience in this field, and making some recommendations that would be most useful to developing countries and newly institutions”, the Minister added. 

The meeting attendees paid special attention to the UNCTAD project on the interrelationship between the competition policy and the development of small and medium-sized entrepreneurship, as well as the need to further deepen the discussion in this direction.

Bakhyt Sultanov invited representatives of the Competition and Consumer Policies Branch of UNCTAD to speak at a competition session on the sidelines of the 2nd Eurasian Economic Forum to be held on May 24-25 this year in Russia.