Egypt, represented by Dr. Mahmoud Mumtaz – Head of the Authority for the Protection of Competition and the Prevention of Monopolistic Practices – chaired the fourteenth meeting of the expert group in the field of competition and monopoly control in Arab countries, which is held by the Department of Arab Economic Integration of the General Secretariat of the League of Arab States on April 7 and 8, via video conference.
Dr. Mahmoud Mumtaz was elected to chair the meeting and to discuss a number of issues, the most prominent of which are; Protocol of cooperation in the field of competition and monopoly control in the Arab countries, and the member state’s comments on the Arab Competition Guidance Law and reviewing all its clauses.
The Cooperation Protocol and the Arab Competition Guideline Law aims to build and strengthen coordination between member states in the field of competition by exchanging expertise and experiences, building capacities among them, and providing the necessary support to Arab countries seeking to enact their legislation to protect or develop competition, as part of the endeavor to create a positive climate for integration. And economic integration, and by maximizing the benefits of applying competition policies in the Arab countries, and working on harmonizing legislation among member states.
This meeting comes in believing in the importance of competition policies in developing and developing trade exchange among member states, as it is an essential element in creating an attractive environment for investment, and within the framework of seeking to reach Arab economic integration, as the need for more cooperation and integration and the exchange of visions and experiences increased to face the challenges and repercussions of the Coronavirus crisis, Especially with the emergence of some monopolistic practices emerging during that crisis in some economic sectors, and these practices may constitute an obstacle to achieving economic growth, trade liberalization, and the efficiency of the economies of Arab countries.