Hesham Ibrahim - 2015-05-10 16:42:13
Egypt's Competition Authority (ECA) has launched Sunday its twinning project worth €1.2 billion (US$1.3 billion) with the European Union.
The project aims at developing the technical, administrative, and institutional capacities of the Egyptian Competition Authority by providing European technical expertise and offering peer-to-peer learning opportunities with officials and technical experts of the German Cartel Office and the Lithuanian Competition Council.
The launch event stressed the significance of a robust competition law and policy – coupled by strong enforcement capacity – for national development.
Mona El-Garf, Chairperson of the Egyptian Competition Authority, pointed out that the twinning project is one of the technical instruments provided by the EU funded Support to the Association Agreement Programme to develop the capacities of the Egyptian institutions in line with their EU counterparts.
Focus of this EU funded project is to enhance the capacity of the ECA to foster an effective competition law enforcement system in Egypt within the framework of a free-market economy, and in line with commitments entered into within the Egypt/EU Association Agreement.
Furthermore, El-Garf said the project includes three main components, focused on; enhancing the efficiency and the effectiveness of the legal framework of competition policies and relations with other regulatory authorities, raising the efficiency and effectiveness of the institutional framework and human resources of the ECA staff, and contributing to awareness raising on the competition law and policies. More»