HEADS OF THE BRICS STATES CONFIRM THE READNESS TO FURTHER PROMOTE COMPETITION

On November 17, the BRICS States Heads held the annual Summit wrapping up the result of the Russian Chairmanship in BRICS in 2020.

The  Leaders  of  the  Federative  Republic  of  Brazil,  the  Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa held the XIIBRICS Summit under the theme «BRICS Partnership for Global Stability, Shared Security and Innovative Growth».

The main item of the agenda of the Summit was the announcement of Declaration of the BRICS States Heads emphasizing the main result of joint work in 2020 and outlining the plans of activities for the nearest future.

As the BRICS States Heads point out: “We note the progress in cooperation among the BRICS countries’ competition authorities, aimed at ensuring conditions for fair competition in priority markets and those critical for socio-economic development, improving competition policy and enforcement. We note the extension of the Memorandum of Understanding between the BRICS Competition Authorities on cooperation in the field of competition law and policy. We acknowledge the BRICS International Competition Law and Policy Center activities. We note the holding of the VIIBRICS International Competition Conference in China in 2021” (Item 78 of the Declaration).

To read the full Declaration please visit the website: https://eng.brics-russia2020.ru/images/114/81/1148126.pdf