The competition authorities of the BRICS countries (Brazil, Russia, India, China, and South Africa) gathered in Cairo, Egypt, on Wednesday for a two-day meeting to discuss critical issues related to global food supply chains and grain trade. Building a More Sustainable Future:Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre, welcomed the opportunity to enhance cooperation in combating anti-competitive practices in food supply chains. Planned Sessions and Outcomes:The conference features several sessions focusing on topics like global food value chains and competition law, national initiatives in food market competition, and innovative global approaches to regulation. Closed sessions for BRICS working groups will further discuss specific competition issues in food markets and develop strategies for cooperation. This meeting is expected to contribute significantly to enhancing food security, promoting fair competition, and fostering a more sustainable and equitable global food system.

Source: Daily News Egypt February 21, 2024 19:41 UTC