meeting discussed means of enhancing cooperation with COMESA in the field of
Minister of Trade and Industry Nevine Gamea has met with a
delegation from the COMESA Competition Commission, led by CEO Willard Mwemba, in
the presence of Mahmoud Mumtaz, head of the Egyptian Competition Authority
The meeting discussed means of enhancing cooperation with
COMESA in the field of competition protection, with the aim of creating a fair
trade environment and achieving stability in African markets, through enacting anti-monopoly
“The ministry is committed to providing all technical support
to help step up joint efforts to protect competition,” Gamea stressed, pointing
to the ECA’s role in creating a favorable climate for fair competition and
exposing harmful commercial practices in the local market.
She also expressed keenness to concert efforts with African
countries, organizations and trade blocs, on top of which the COMESA, in
dealing with monopolistic practices among member states, in an attempt to bolster
the rules of the free market economy.
The Commission is the first regional competition authority in
Africa and the second in the world, after the European Competition Authority.
It promotes and encourages competition by preventing restrictive business
practices and other restrictions that deter the efficient operation of markets.