PRESS RELEASE
13 June 2024

PCC hosts the final round of ASEAN Framework Agreement on Competition (AFAC) Negotiation

The Philippine Competition Commission (PCC) is hosting the 12th and final negotiation for the ASEAN Framework Agreement on Competition (AFAC) in Manila, Philippines on June 13-14, 2024. PCC Commissioner Lolibeth Ramit-Medrano is the Chair for the AFAC negotiations.

The AFAC is the first regional agreement to enhance cooperation and coordination on competition policy and law (CPL) among ASEAN Member States. It aims to establish a fair business environment in ASEAN by fostering cooperation and coordination among competition agencies, promoting the internalization of competition policy into regional and domestic economic policies, and addressing common challenges and competition issues of mutual interest.

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REFERENCE:
publicaffairs@phcc.gov.ph
PCC Public Affairs and Research Division