Heads of Competition authorities of BRICS Nations signed the Delhi Accord

Nov 22, 2013 18:01 IST

The Heads of the Competition Authorities of BRICS Nations signed a Joint Accord namely Delhi Accord on 22 November 2013 at 3rd BRICS International Competition Conference (ICC) at New Delhi.

The Delhi Accord was signed to ensure effective enforcement of competition rules, among the BRICS nations and to strengthen the co-operation among their fair trade regulators by exchanging views and boosting communication.

BRICS Competition Authorities also considered the need of establishing good communication between the BRICS Competition Authorities on competition law and policy to further improving and strengthening the relationship between the BRICS Competition Authorities.

BRICS Competition Authorities, while recognising the benefits of technical cooperation among the competition agencies, in sound and effective enforcement of competition laws expressed their resolve and commitment to exchange views on different aspects of competition policy.  The Competition Authorities of BRICS also support the hosting of the Fourth BRICS ICC during 2015 at South Africa.

The Delhi Accord was signed by Alessandro Serafin Octaviani Luis, Commissioner, CADE for the Brazilian Competition Policy System, by Andrey Tsarikovsky, Stats Secretary-Deputy Head of the FAS, Russia for the Federal Antimonopoly Service of the Russian Federation, by Ashok Chawla, Chairman, for the Competition Commission of India, by Sun Hongzhi, Vice Minister, for the State Administration for Industry and Commerce of the People’s Republic of China and by Tembinkos Bonakele, Acting Commissioner for the Competition Commission of South Africa.

3rd BRICS International Competition Conference inaugurated by Prime Minister of India

Quick Digest

Who: BRICS Nations

Where: New Delhi


When: 22 November 2013

Is this article important for exams ? Yes59 People Agreed
Read more Current Affairs on: DELHI ACCORD

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