ECOWAS speeds up the process to launch its trade competition regulator

Economic governance
Tuesday, 23 March 2021 17:11
ECOWAS speeds up the process to launch its trade competition regulator

(Togo First) - The Economic Community of West African States (ECOWAS) took another step towards the operationalization of its competition authority. On March 22, the Advisory Committee of the ECOWAS Regional Competition Authority (ARCC) gathered in Lomé to launch the analysis and validation of this operationalization.  

During the five days that the meeting will be held, delegates from ECOWAS member states will also examine various drafts that will define the legal framework of the ARCC's interventions on the regional market. 

"This committee will then ensure that rules regulating trade competition, at the regional level and in every Member State, are respected," said Tèi Konzi, Commissioner for Trade and Customs Union of ECOWAS.

This decisive step towards the operationalization of the ARCC and its potential launch in Q1 2022, is an additional impetus to boost economic integration and trade among ECOWAS member states. Beyond the regional framework, the operationalization of the regulator will strengthen the legal and institutional framework to facilitate intra-African trade.

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