Comments
Fair trade watchdog CCI plans to enter into a pact with the BRICS grouping to boost cooperation in areas including merger deals and global cartel probes that could have implications for competition in the Indian market.
The Competition Commission of India (CCI) keeps a tab on unfair business practices across sectors. According to the CCI’s latest quarterly newsletter, it is considering a memorandum of understanding with BRICS nations as a grouping, China, Japan and other countries. Apart from India, the nations in the BRICS bloc are Brazil, Russia, China and South Africa.
The idea was discussed during the BRICS International Competition Conference held in New Delhi last November, where regulators from these jurisdictions resolved to strengthen their cooperation.
Such agreements, the regulator said, would enable its professional staff to interact with their counterparts and work jointly to mutual advantage.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.