Key Points
Antitrust watchdogs of the BRICS grouping deliberated on the need for well-calibrated regulatory frameworks that strike a balance between fostering competition and safeguarding consumer welfare at a conference in the national capital, Competition Commission of India chairperson Ravneet Kaur said on Friday...
The joint statement formally ratified by the heads of BRICS competition authorities underscores the strategic alignment towards fostering competition-driven growth and socio economic progress in our regions, Kaur said...
The eighth edition of the BRICS International Competition Conference, a biannual event, was held from October 11 to 13, with India playing the host after a gap of 10 years..
During the course of the conference, the BRICS competition regulators deliberated on a number of subjects, encompassing the implications of digitalization on the competitive landscape, the role of competition policy, nurturing innovation and its vital contribution to sustaining robust economic growth, Kaur said...
Apart from Kaur, Maxim Shaskolsky (Federal Anti-Monopoly Service, Russia), Gan Lin (State Administration for Market Regulation, China), Doris Tshepe (CCSA, South Africa) and Victor Oliveira Fernandes (Administrative Council for Economic Defence, Brazil) deliberated on the key issues around antitrust regulations at the conference...
