Islamabad (TDI): U.S. Embassy representatives visited the Competition Commission of Pakistan (CCP) on Tuesday to discuss matters related to competition law and foster bilateral cooperation between CCP and the United States Federal Trade Commission.
Representatives of the U.S. Embassy’s Economic Section met with Salman Amin, Member Office of Fair Trade and International Affairs and his team.
The discussion entailed the sectors that are vulnerable to international cartelization, risks of abuse of dominant position by global undertakings, challenges being posed at digital platforms by deceptive marketing, AI, and new dimension which have become important for regulators to consider while deciding matters related to merger and acquisitions.
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Certain recent decisions taken by both CCP and FTC in the respective domains were discussed and it was recognized that there is commonality of factors in various aspects.
Both sides agreed that collaboration and knowledge sharing between regulators will be mutually beneficial.
During the meeting, specific areas and avenues for enhancing bilateral and technical collaboration between the CCP and FTC (US) also came under discussion.
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CCP officials briefed U.S. Embassy representatives on measures taken recently to open competition in various sectors, induce FDI, and facilitate ease of doing business.
CCP representatives suggested, and the parties discussed the possibility of holding dedicated advocacy sessions on Competition Law for American businesses in Pakistan, in coordination with the American Business Council.
