HEADS OF BRICS COMPETITION AUTHORITIES ADOPTED A JOINT STATEMENT ON COVID-19

On July 23, a meeting was held within the framework of the Russian Federation's presidency of the BRICS interstate association in 2020

During the meeting, the Heads of the BRICS competition authorities discussed the changes that have taken place in the world due to the spread of COVID-19, which considerably affected the economic life of the BRICS countries and introduced new changes to the daily work of antimonopoly regulators.

“The adoption of the Joint statement on consolidating efforts to combat the negative economic consequences of COVID-19 during our meeting shows once again how important our work is and our intention to continue and increase our five - party cooperation to combat the consequences of the pandemic,” Igor Artemiev said.

The purpose of the Joint statement, developed at the initiative of the FAS Russia, is to confirm the readiness and commitment of the BRICS competition authorities to cooperate with each other in crisis circumstances to protect competition in socially important BRICS markets. In addition, this document expresses the intention of the five antimonopoly regulators to strengthen antimonopoly response to overcome the economic and social consequences of the pandemic in the context of the gradual removal of restrictions in connection with COVID-19 and the gradual resumption of economic activity in the BRICS countries.