Prime Minister Dr. Manmohan Singh will inaugurate 3rd BRICS International Competition Conference (ICC) here today.
The two-day conference is being organised by Competition Commission of India (CCI) on behalf of BRICS countries in pursuance of the Beijing Consensus, New Delhi Declaration and Action Plan adopted at Fourth BRICS Leaders Summit in New Delhi on March 29, 2012.
The theme of the conference will be "Competition Enforcement in BRICS Countries: Issues and Challenges".
The conference is organized biennially by one of the BRICS competition authorities on behalf of the all the BRICS competition authorities.
The first BRICS Competition Conference was organized in Kazan, Russia in September, 2009. The second BRICS ICC was organised in Beijing, China during 20-22 September, 2011.
The objective of the 3rd BRICS ICC is to discuss various issues and challenges in competition enforcement in BRICS countries and take the agenda of cooperation among the BRICS competition authorities forward from the earlier two conferences.
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During the conference, discussions would focus on issues and challenges in setting up an affective agency, enforcement vis-a-vis state owned enterprises, public procurement and creation of competition culture.
A separate session has been provided for experience sharing by mature jurisdictions on the subject of role of Competition regulation in innovation and economic development.
The Competition Commission of India (CCI) will also sign a MoU with European Union (EU) on competition issues.
A Delhi Accord shall be signed with BRICS competition authorities on November 22.