9th BRICS International Competition Conference

The 9th BRICS International Competition Conference commenced in Cape Town, South Africa, focusing on the theme “Competition Law in Uncertain Times”.

In her opening address, Doris Tshepe, Commissioner of the South African Competition Commission, noted that BRICS now includes Brazil, Russia, India, China, South Africa, Ethiopia, Egypt, Iran, Indonesia, and the United Arab Emirates. Together, these nations represent 43% of the world’s population, contribute 36% of global GDP in terms of purchasing power parity, and occupy nearly a third of the Earth’s land area.

She emphasised that the conference opens a new chapter in the evolution of #BRICS, the advancement of global competition policy, and the joint efforts of Global South countries to build a fairer and more inclusive international economic order.

The BRICS International Competition Conference is a major event for the group’s members, playing a vital role in enhancing international cooperation in antitrust regulation and competition policy development. Since 2009, the conference has been held biennially, rotating among BRICS member nations. The previous conference took place in New Delhi, India, in 2023.

#NEWS #SouthAfrica

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