11 December 2012

Zambia: Competition Commission, Regulators to Sign MOU

THE Competition Consumer Protection Commission (CCPC) has said it will sign Memoranda of Understanding (MoU) with more regulators to enhance competitions.

CCPC executive director Chilufya Sampa said the commission's MoUs were to help curb unfair practices on the market saying much needed to be done on competition matters.

Mr Sampa said the commission's MoUs with the sector regulators will be extended to other regulators on other areas of cooperation.

He said the commission was ready to sign MoUs with more regulators in the country as that would help it effectively deal with competition matters in the country.

So far the commission has signed MoUs with five regulators in the country. Mr Sampa said the commission was currently reviewing how effective the MoUs have been before signing new MoUs.

"The commission is open to having MoUs with any regulator. Currently we have five MoUs and we are reviewing how effective these are before signing new ones," Mr Sampa said.

Mr Sampa said the Commission's MoUs with sector regulators should not only be confined to those that it had concurrent jurisdiction on competition matters with, but should also be extended to other regulators on other areas of cooperation.

He said the signing of MoUs would help ease the job of the commission as it takes time to deal with one case saying the move would help quicken the process.

"The commission's MoUs with sector regulators should not only be confined to those that it has concurrent jurisdiction on competition matters with, but should also be extended to other regulators on other areas of cooperation," he said.

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