March 21, 2024 (MLN): Korea International Cooperation Agency (KOICA) has committed to facilitating an MOU between the Korea Fair Trade Commission (KFTC) and Competition Commission of Pakistan (CCP) for information sharing, joint research, and advocacy programs, particularly focusing on Korean companies operating in Pakistan's private sector.
KOICA has expressed its commitment to providing full support to CCP in capacity building, enhancing enforcement capabilities, and conducting joint research initiatives.
Je Ho Yeon, the Country Director of the KOICA Pakistan Office, met with Dr. Kabir Ahmed Sidhu, Chairman of CCP, to discuss bilateral cooperation and capacity building.
This collaboration is expected to enhance CCP's bid-rigging system and its ability to address competition issues in the digital economy.
One of the key points of discussion was KOICA's interest in reinstating a fellowship program for CCP officers in Korea. In the past, KOICA's fellowship program enabled 30 CCP officers to participate in a three-year training program in Korea.
The program covered various aspects of competition law and included training sessions conducted by competition experts and senior KFTC officials.
The renewed cooperation is expected to further deepen the officers' expertise and broaden their perspective, enabling them to effectively address emerging challenges in competition law and policy.
It will also facilitate the exchange of best practices between Korea and Pakistan, ultimately strengthening the enforcement framework and promoting fair competition in both countries.
