South African, Angolan competition authorities sign MoU
The Competition Commission has signed a memorandum of understanding (MoU) with the Angola Competition Authority (ACA), establishing a general framework for bilateral communication and cooperation in the fields of competition law, policy and enforcement.
The MoU, which was signed on September 4 on the sidelines of the eighteenth Annual Competition Law, Economics and Policy Conference currently taking place at the @Sandton Hotel, in Johannesburg, forms part of multilateral competition initiatives aimed at strengthening bilateral ties by enhancing technical cooperation and information sharing on competition laws and policies.
Speaking at the signing ceremony alongside ACA chairperson Dr Eugénia Pereira, Commissioner Doris Tshepe emphasised the importance of authorities working together to address the needs of developing economies.
The MoU outlines several key areas of cooperation, including sharing knowledge and best practices on legislative and policy developments, collaborating on capacity-building initiatives and conducting joint research in areas of mutual interest.
These collaborative efforts are meant to strengthen the commission’s enforcement capabilities, enhance the understanding of each other’s legal frameworks and enable the authorities to address the complex challenges posed by modern economic realities, Pereira said.
Recognising the importance of technical cooperation, the MoU also lays the groundwork for joint training of technical staff, staff exchanges and secondments.
By doing so, the commission aims to build capacity and share expertise to enhance the ability to enforce competition laws more effectively.
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