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8th BRICS International Competition Conference 2023 concludes with adoption of a Joint Statement

in National October 13, 2023 Comments Off on 8th BRICS International Competition Conference 2023 concludes with adoption of a Joint Statement 632 Views

New Delhi :13/10/23:  The 8th BRICS International Competition Conference 2023 (BRICS ICC 2023), hosted by the Competition Commission of India (CCI) from October 11-13 2023, concluded in New Delhi today. The conference brought together more than 600 delegates, including heads of BRICS competition authorities, practitioners, competition policy experts, representatives of international organizations, and other stakeholders from BRICS and non-BRICS nations.

The conference comprised three plenary sessions and four breakout sessions, in addition to the inaugural session and the closing ceremony. In the plenary session on BRICS joint documents, Leniency Programme and Digital Economy Reports were released and discussed. The other plenary and breakout sessions facilitated the exchange of views amongst speakers from BRICS and other jurisdictions on a range of new and emerging issues related to competition law and policy. A Joint Statement was signed by the heads of BRICS competition authorities, which inter alia acknowledges the importance of continuing to share information, experience, and best practices to strengthen enforcement capabilities and promote fair competition practices within BRICS jurisdictions.

In his valedictory address in the Closing Ceremony, Secretary, Union Ministry of Corporate Affairs, Dr. Manoj Govil said that each BRICS member state possesses its unique legal traditions, economic structures, and regulatory approaches. Collaborative efforts in competition law and policy allow for the exchange of best practices and the alignment of regulatory standards to the extent feasible, practical, and useful. In her address on the occasion, Chairperson CCI, Smt Ravneet Kaur said that the Conference paved the way for a more comprehensive understanding of the multifaceted challenges and opportunities that lie ahead of the competition authorities.

The closing ceremony was also addressed by heads of the BRICS competition authorities. They said that the BRICS ICC 2023 conference has provided a useful platform to delve into contemporary issues faced by competition agencies. In today’s globalized and interconnected world, they reemphasised the need for focused and effective cooperation between the BRICS countries in the field of competition law and policy.

The event concluded with Shri Deepak Anurag, Member, Competition Commission of India proposing the vote of thanks and CCI handing over the baton to South Africa for the 9th BRICS International Competition Conference to be held in 2025.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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