The event is within the third Senior Official Meeting (SOM 3) and related meetings which are taking place in HCM City. Marie Sherylyn D Aquia, chair of the CTI, said: “There is a strong and complementary relationship between trade and competition policies. Both trade and competition policies seek to enhance welfare by providing for more efficient allocation of resources, whether it is lowering trade barriers or promoting competition.”“New, comprehensive economic or trade agreements now feature specific provisions or entire chapters to competition-related matters,” she 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 14:04 UTC