South Africa hosted the BRICS International Competition Conference

The ninth BRICS International Competition Conference on was held in Cape Town and brought together more than 300 participants, including heads of antitrust agencies, experts, politicians, academics and representatives of international organisations.

Delegates discussed the integration of sustainable development principles into antitrust regulation and emphasised the need to align policy with the UN Sustainable Development Goals. Particular attention was paid to the balance between environmental objectives, social justice, poverty reduction and economic growth.

Representatives of the BRICS countries shared strategies for supporting innovation and maintaining fair competition. In the pharmaceutical and agricultural sectors, participants considered measures to expand market access and ensure fair conditions for all.

Following the conference, the heads of the antitrust agencies of the #BRICS countries approved a five-year programme. It provides for support for small businesses, control over digital markets, and the development of cross-border cooperation.

#NEWS #SouthAfrica #science

🕊🕊🕊