Antitrust watchdogs of the BRICS grouping deliberated on the need for well-calibrated regulatory frameworks that strike a balance between fostering competition and safeguarding consumer welfare at a conference in the national capital, Competition Commission of India chairperson Ravneet Kaur said on Friday.
Apart from Kaur, Maxim Shaskolsky (Federal Anti-Monopoly Service, Russia), Gan Lin (State Administration for Market Regulation, China), Doris Tshepe (CCSA, South Africa) and Victor Oliveira Fernandes (Administrative Council for Economic Defence, Brazil) deliberated on the key issues around antitrust regulations at the conference.
“The knowledge and perspectives exchanged during this conference possess the potential to exert a profound influence shaping the future trajectory of competition policy and regulatory frameworks,” she said. During the course of the conference, the BRICS competition regulators deliberated on a number of subjects, encompassing the implications of digitalization on the competitive landscape, the role of competition policy, nurturing innovation and its vital contribution to sustaining robust economic growth, Kaur said.