US Embassy officials visit CCP to strengthen bilateral ties on competition law

January 14, 2025 (MLN): U.S. Embassy representatives visited the Competition Commission of Pakistan (CCP) to discuss matters related to competition law and foster bilateral cooperation between the CCP and the U.S. Federal Trade Commission (FTC).

The discussion entailed the sectors that are vulnerable to international cartelization, the risks of abuse of dominant position by global undertakings, and challenges posed by digital platforms through deceptive marketing and Artificial Intelligence (AI).

It also highlighted new dimensions that have become important for regulators to consider when deciding matters related to mergers and acquisitions, as per the press release issued.

Certain recent decisions taken by both the CCP and FTC in their respective domains were discussed.

It was recognized that there are commonalities of factors in various aspects, and collaboration and knowledge sharing between both regulators will be mutually beneficial.

CCP officials briefed U.S. Embassy representatives on measures taken recently to open competition in various sectors, induce FDI, and facilitate ease of doing business.

CCP representatives suggested, and the parties discussed the possibility of holding dedicated advocacy sessions on Competition Law for American businesses in Pakistan, in coordination with the American Business Council.

Representatives of the U.S. Embassy’s economic section met with Salman Amin, member office of Fair Trade and International Affairs, and his team.

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