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Maksim Ermolovich: “UNCTAD is one of the main international platforms, which serves as a coordination center for developing and protecting competition in the world”
Maksim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, took part in the 22nd session of the Intergovernmental Group of Experts (IGE) on competition law and policy of UNCTAD in Geneva.
The EEC Minister informed about the Commission’s activities to combat transboundary cartels and the specifics of competition regulation in the Eurasian Economic Union.
Besides, Maksim Ermolovich held another business meeting of representatives of regional integration associations on competition issues. Such events are organized annually at the initiative of the Competition Unit of the Commission at the UNCTAD venue.
The meeting brought together the representatives of the EAEU Court, the Arab Competition Network, the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), the West African Economic and Monetary Union (WAEMU), the Economic Community of West African Countries (ECOWAS), and others.
“Regular meetings of supranational competition authorities will undoubtedly have practical results. I mean, first of all, the improvement of competition law subject to the best practices and experience gained in the regions,” noted Maksim Ermolovich.
Besides, on the sidelines of the IGE session, the EEC Minister discussed the prospects for interaction with Mahmoud Momtaz, Chairman of the Egyptian Competition Authority, and met with representatives of competition authorities who took part in the UNCTAD session.
Maksim Ermolovich held separate negotiations with Frederic Jenny, Chairman of the Competition Committee of the Organization for Economic Cooperation and Development (OECD).
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964. UNCTAD’s headquarters are located in Geneva (Switzerland). Currently, the Conference includes 195 countries. The UNCTAD aims to promote international trade development; equal, mutually beneficial cooperation between the states; development of recommendations, principles, organizational and legal conditions, as well as mechanisms for modern international economic relations, etc.
The Organization for Economic Co-operation and Development (OECD) is an international organization that brings together developed countries of the world to exchange their experiences, including in the economic policy. The organization was established in 1960. Currently, the OECD includes about 40 countries, in particular Australia, Great Britain, Germany, Spain, Italy, Canada, the Netherlands, New Zealand, Mexico, the USA, Turkey, France, Sweden, Japan, and several others.
