TheForuth ASEAN Framework Agreement on Competition (AFAC) Negotiation

competition

     The fourth round of negotiation on ASEAN Framework Agreement on Competition (AFAC) was virtually held on 23rd August 2023.

     Ms. LolibethRamit-Medrano, Chair of the Negotiation for the AFAC, Commissioner of the Philippines Competition Commission (PCC) deliverd the opening remarks. Representatives from the Competition Sectors in ASEAN member Statesand the ASEAN Secretariat Office attended the meeting.

     The meeting discussed on the draft text, focusing on concluding the negotiation of Article (3) Basic Principles and Article(4) Appropriate Measures against Anti-Competitive Activities.

     The ASEAN Framework Agreement on Competition (AFAC) was aimed to use as a legal framework to strengthen cooperation within the ASEAN region and to facilitate the exchange of competition related information among ASEAN member states.