MyCC Chairs Roundtable On Competition Law Model At UNCTAD

KUALA LUMPUR, July 14 (Bernama) -- Malaysia Competition Commission (MyCC) members, Prof Dr. Sothi Rachagan and Dr. Zakaria Abdul Rashid were among Malaysia's delegates to the 7th Intergovernmental Group of Experts (IGE) Meeting and Review Conference of the United Nations Conference on Trade and Development (UNCTAD). Held in Geneva from July 6 to 10, 2015, the Review Conference marked the 35th anniversary of the adoption of the United Nation (UN) Set on Competition by the United Nations General Assembly in 1980, MyCC said in a statement today. Sothi Rachagan, who was the Alternate Head of Delegation, chaired the Roundtable on the Review of the Implementation of the UN Set of Principles on Competition Policy and UNCTAD's Model Law on Competition. To date, the UN Set on Competition is the only multilateral instrument on competition policy and UNCTAD has been mandated to review the validity of the Set every five years and set out the programme for the next five years. The Seventh Review Conference offered an opportunity for all United Nations member States to openly address global problems arising from monopolisation, hard-core cartels, abuses of dominance, and anti-competitive mega-mergers. It also defined the types of national and international measures needed to ensure that anti-competitive practices do not impede or negate the realisation of benefits that should arise from the liberalisation of trade and investment in developing countries such as Malaysia. --BERNAMA