Fifth European Union-India Competition Week 2022

The fifth edition of the European Union-India Competition Week is being held from December 5 to 7 this year in New Delhi.

What is EU-India Competition Week?

• The European Union-India Competition Week is organized every year to provide a platform for exchanges between officials from the European Commission Directorate-General for Competition and the Competition Commission of India (CCI).
• It builds on the Memorandum of Understanding (MoU) on cooperation in the field of competition law that was inked by the EU and India in 2013.
• The week-long event has been organized since 2018.
• The EU-India Competition Week is part of the Competition Cooperation project – a 5-year EU-funded programme that provides technical assistance and cooperation to competition authorities in Asia and ensures convergence in competition policy benefiting the citizens and businesses in both the European Union and Asia.

5^th edition of EU-India Competition Week

Representatives from the European Commission Directorate-General for Competition (DG COMP) and the Competition Commission of India participated in the fifth edition of the EU-India Competition Week. Belgian and French competitive authorities also took part in the 2022 edition.

The discussions focused on best practices in competition policy and enforcement. The event covered wide range of topics like antitrust cases in the digital economy, the design and implementation of digital market regulations, and the investigation of certain agreements related to the transport sector and other atypical cartels. The focus was also given to sustainability goals in relation to the competition enforcement.

The platform provided opportunities to discuss solutions to challenges pertaining to digital and technology markets. It also focused on how regulations can supplement competition enforcement, as the EU has enacted the Digital Markets Act, which seeks to make digital economy more fairer and contestable.

About the 2013 MoU between CCI and DG COMP

Competition Commission of India (CCI) and European Commission Directorate-General for Competition (DG COMP) signed an MoU for cooperation in the field of competition laws in 2013. This MoU provides for the following:

1. Coordination of EU and Indian competitive authorities involved in the enforcement activities concerning same or related matters
2. Provisions on positive and negative comity
3. Exchange of best practices and information through study visits, seminars or comparable initiatives
4. Periodic meetings to discuss the development of competition policies, legislation and enforcement.

Month: Current Affairs - December, 2022

Category: Important Days & Events Current Affairs • International / World Current Affairs