The Ministry of Trade and Industry discussed with the COMESA Competition Commission delegation the enhancement of cooperation in the field of competition protection and the prevention of monopolistic practices.
Nevin Jameh, Minister of Trade and Industry, said that the ministry is keen to strengthen the relationship with African countries, African organizations and blocs, foremost of which is the Common Market for Eastern and Southern Africa (COMESA), and join efforts to confront any monopolistic practices at the level of the COMESA member states, in a way that contributes to strengthening the bases of the economy. free market.
She indicated that increasing cooperation and trade exchange with African countries is one of Egypt’s current priorities and directions. The Minister received a delegation from the COMESA Competition Commission, headed by Dr. Willard Mwimba, Executive Chairman of the COMESA, in the presence of Dr. Mahmoud Mumtaz, Head of the Competition Protection Authority and the Prevention of Monopolistic Practices.
Jameh said that the meeting dealt with opportunities to enhance cooperation with COMESA in protecting competition to create a fair trade environment and achieve stability in African markets by enacting legislation that prevents monopolistic practices.
She indicated the ministry’s readiness to provide all means of technical support to enhance joint efforts in the field of competition protection through the relevant ministry agencies, especially the competition protection agency and the prevention of monopolistic practices.
Jameh explained that it is necessary to raise awareness among member states and stakeholders of the competition law issued by the COMESA consortium. So that it can be applied in a way that deepens regional integration through setting clear programs and mechanisms for member states.
Dr. Willard Mwemba, CEO of the COMESA Competition Commission, explained the COMESA’s keenness to enhance cooperation with Egypt, as it is one of the most prominent African markets and one of the most important COMESA member states, and it has a pivotal role in supporting the grouping and activating its role in promoting the movement of trade exchange and joint investments among member states.
Dr. Mahmoud Mumtaz, Head of the Competition Protection Authority and the Prevention of Monopolistic Practices, stated that the Authority is conducting studies on mergers and acquisitions that take place in the countries of the Common Market for Eastern and Southern Africa, and ways to develop and enhance cooperation between the Agency and the COMESA Competition Commission.
The article “The Industry” discusses with “COMESA” strengthening cooperation in protecting competition was written in Al Borsa newspaper.