Competition Council and Turkish Competition Authority sign memorandum of understanding

The Competition Council of the Kingdom of Morocco and the National Competition Authority of the Republic of Turkey signed on Tuesday by videoconference a memorandum of understanding (MoU) aimed at promoting bilateral cooperation between the two institutions in the field of policies competition and the application of competition laws in force in the two countries.

Signed by the President of the Competition Council, Driss Guerraoui and the President of the National Competition Authority of the Republic of Turkey, Birol Küle, this MoU highlights the importance of international cooperation in the application of the competition law, in particular in the fields of the fight against cross-border anti-competitive practices.

This memorandum of understanding also aims to develop bilateral relations between the two bodies in all areas allowing them to strengthen their institutional capacities, particularly in the context of the new global post-Covid-19 system.

It is also a question of consolidating the place and the role of the international partnership of the Competition Council in the implementation of its strategy adopted since its reactivation on November 17, 2018.

In this context, the two parties are committed to exchanging information relating to legislative developments in the field of competition law and economics in their respective countries, to capitalizing on their know-how and expertise in the investigation of files relating to infringements of competition rules and enrich their respective experiences in governance between national competition authorities and national regulatory bodies.

“The signing of this memorandum of understanding reflects the will of the two institutions to establish a strong and lasting partnership capable of contributing to the exchange of expertise and experiences to meet the challenges related in particular to competition on the markets. , strengthening institutional capacities and consolidating the rule of law, in addition to promoting the principle of the economic responsibility of companies, the State, local authorities and citizens ”, underlined Guerraoui.

READ  The CGEM is making a major change in its Observatory of professional branches

The President of the Competition Council explained that these practices result “The development of specific forms of economic concentration and commercial behavior produced by the challenges surrounding the growing role of large global business networks in the digital economy, as well as the repercussions of the Covid-19 epidemic on the purchasing power of many components of our societies ”.

For his part, Birol Küle indicated “That international cooperation in the field of competition law and policies becomes a necessity, especially in the context of globalization and the accelerated digitization process, stressing the importance of promoting communication and the exchange of experiences and knowledge with similar actors and bodies to meet the various challenges ”.

Back to top button