Procompetencia and its Spanish counterpart agree on inter-institutional collaboration

The president of the National Commission for the Defense of Competition (Procompetencia), María Elena Vásquez Taveras, and her counterpart of the National Commission for Markets and Competition of the Kingdom of Spain (CNMC), Cani Fernández Vicién, signed an agreement of understanding to promote and strengthen a framework of voluntary inter-institutional cooperation.

The document was signed this December 5, World Competition Day, within the framework of the activities of the Competition Week of the Organization for Economic Cooperation and Development (OECD).

Vásquez Taveras said that the signing of the agreement “represents a way of celebrating the date by strengthening the ties between both institutions”.

The agreement is based on the principles of equality and mutual benefit, in the area of competition enforcement and competition policy, including advocacy and proposed legislative changes.

Recognizing the benefits of technical cooperation to improve the environment in which sound and effective enforcement of competition policy and rules supports the efficient functioning of markets, they have agreed to strengthen cooperation in the field of competition enforcement and policy.

They will also focus on exchanging experiences and best practices on the prioritization of antitrust investigations, cartel detection and advocacy activities; explore the feasibility of conducting joint competition awareness campaigns; and pursue bilateral cooperation in the context of technical assistance programs.

The ceremony was attended by the permanent ambassador of Spain to the Organization for Economic Cooperation and Development (OECD), Manuel María Escudero Zamora, and the executive director of the National Commission for the Defense of Competition, Fior D’Aliza Alduey.

Source: Presidencia.gob.do

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