The next steps for the ASEAN Framework Agreement on Competition, AFAC, negotiation are among those discussed at the 3rd ASEAN Heads of Competition Agencies, AHCA Meeting. The AFAC aims to strengthen cross-border cooperation and engagements between competition agencies, internalise competition policy into national and regional economic policies, and enhance regional enforcement of competition. The AHCA Meeting was held recently via video conference.
The Meeting was chaired by Dayang Nik Hafimi binti Abdul Haadii, Chairperson of the Competition Commission Brunei Darussalam, CCBD and Chair of the AHCA for 2022. At the Meeting, the Heads took further note on the endorsement of AHCA Joint Statement on maintaining Competitive Policy in the context of Economic Recovery. The Joint Statement underlined the importance of competition policy in supporting economic recovery and acknowledged that closer governmental engagement is critical to facilitate economic recovery. The AHCA meeting continued with the 29th ASEAN Experts Group on Competition, AEGC and related meetings, virtually.
Source: Radio Television Brunei