Around 100 delegatee from 21 APEC-member countries attended the workshop, where experts and lawyers spoke about the benefits of establishing an amended chapter on competition in FTAs and EPAs and its impact on domestic economies based on empirical research. Marie Sherylyn D Aquia, chair of the CTI, said “There is a strong and complementary relationship between trade and competition policies. Satoshi Ogawa, a lawyer specialising in competition issues in the OECD competition division, said “Now as never before, it is important to include competition provisions in FTAs and EPAs in the globalised economy.”As international cooperation is needed to fight anti-competitive conduct beyond national borders, these amended provisions would benefit competition authorities and the business community, he added. “Competition laws and competition authorities are still new in some of the APEC economies. CTI, established in November 1993 under the APEC Trade and Investment Framework, provides a forum for APEC’s 21 member economies to discuss trade and policy issues.

Source: Viet Nam News August 19, 2017 07:41 UTC