The second Russia-Africa summit held on 28 July brought together an expert panel of antimonopoly agencies. The panel, comprised of heads of antitrust agencies from various African countries, engaged in discussions surrounding crucial topics related to antitrust regulation.
Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre, provided an insightful foreword. He emphasized that antitrust law emerged in times of uncertainty, playing a pivotal role in advancing economic systems in various regions. Today, faced with global uncertainties, the significance of antitrust law resurfaces. The modern dominance of global monopolies necessitates global antitrust initiatives, which can only be realized through interstate collaboration, represented by BRICS+, including the involvement of new members from African countries.
This initiative marks the second attempt for regulators from various African countries, including Kenya, Egypt, Mauritius, Nigeria, South Africa, Morocco, Gambia, Zambia, and the Commission , which also encompasses 21 other African countries, to establish a working group for cooperation.
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