The head of the Australian Competition and Consumer Commission spoke at a conference to offer a competition expert’s insight of the Regional Comprehensive Economic Partnership plan, a proposal for ASEAN nations to establish a regional free trade area, say reports.
The proposal would include 10 member states of the Association of Southeast Asian Nations, along with neighboring nations that hold existing FTAs with ASEAN countries, including Australia, China, India, Japan, Korea and New Zealand.
At a seminar, ACCC head Rod Sims spoke of the importance of including competition provisions within those RTAs for positive economic development.
Such inclusions would “ensure all the participating economies enjoy the benefits of competition,” Sims said of the RCEP plans.
Further, Sims championed the cooperation between the regional competition regulators to enhance competition policy.
Full Content: International Business Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI