CCI Joins ICN Steering Committee
The Competition Commission of India (CCI) has achieved a significant milestone by securing a place on the esteemed 18-member steering committee of the International Competition Network (ICN). This accomplishment comes as a result of consistent efforts by the Indian regulatory body.
The Role of the Steering Committee
- The steering committee serves as the apex body within the International Competition Network (ICN).
- The ICN is a global organization consisting of 140 competition agencies, providing antitrust authorities with a specialized and informal platform for maintaining regular communication and addressing practical competition-related issues.
The ICN’s Mission
- The International Competition Network is uniquely dedicated to the enforcement of competition law worldwide.
- Its membership includes national and multinational competition authorities from various countries. Members actively contribute to the network’s objectives through their participation in project-oriented and results-driven working groups.
Recent Developments in India’s Role
- In the past month, India hosted the bi-annual conference of competition regulators from the BRICS grouping, marking a significant event after a decade. During this conference, various topics related to antitrust regulations were deliberated upon, including those pertaining to digital players and the leniency regime.
- This achievement underscores India’s growing influence and active participation in international forums dedicated to competition law and antitrust regulations. As a member of the ICN steering committee, the Competition Commission of India is expected to play a pivotal role in shaping global competition policy and practices.
Month: Current Affairs - October, 2023
Category: India Nation & States Current Affairs • International / World Current Affairs