UNCTAD last year launched the Africa Competition Programme (AFRICOMP), a capacity-building and technical assistance programme on competition law and policy for the African countries.
The objective of the Programme is to:
- Assist African countries in formulating and enforcing competition law and policy.
- Encourage partnerships between international organizations and agencies; and interaction with regional organizations and civil society
AFRICOMP emphasizes ownership by beneficiary countries and demand-driven technical cooperation and it seeks to establish closer links with the private sector and more especially with NGOs and local learning institutions.
Competitive markets drive an economy’s resources towards their fullest and most efficient uses, thereby providing a fundamental basis for economic development. In Africa, effective enforcement of a competition policy system is expected to facilitate the process by which innovative, cutting-edge technologies replace the usually less efficient productive capacities now in use in parts of the continent. The market forces are expected to continuously prod the local enterprises to innovate – that is, to develop new products, services, methods of doing business, and technologies – that will enable them to compete more successfully on national, regional and international markets.
UNCTAD provides competition authorities from developing countries and economies in transition with a comprehensive development-focused intergovernmental forum for addressing practical competition law and policy issues
Competition resources can be accessed here.
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