The ECOWAS Regional Competitors Authority (ERCA) as component of its required to sustain Participant States in the competitors matters carried out campaigning for and sensitization on Competitors and Customer defense legislations in Liberia from 20- 22 May 2024, in Monrovia, Republic of Liberia.
The campaigning for united crucial stakeholders such as Ministries and federal government firms, producing Organization of Liberia, financial or economic solutions, economic sector, Chamber of Business, and Customer Defense bodies with the total purpose to talk about and evaluate the existing lawful and regulative arrangements on competitors in the nation, recognize spaces and deal with the Federal government and various other stakeholders to create competitors and Customer Defense Regulation that will efficaciously take care of competitors enforcement and the defense of the legal rights of customers. The supreme objective is for Liberia to have in area criterion and contemporary Competitors Regulation that mirrors local and continental structures.
The Exec Supervisor of ERCA, Dr. Konan Simeon KOFFI, in behalf of the Commissioner for Economic Matters and Farming, Madame Massandjé TOURE-LITSE, invited all individuals to the campaigning for and sensitization conference and shared appreciation and many thanks to the Liberia Ministry of Business and Sector for their readiness to work together with ERCA in holding this conference. This reveals that the joint campaigning for and sensitization program on Competitors plan is an instance of the anticipated teamwork in between ERCA and Participant States competitors authorities, therefore loan consolidation of the local competitors structure. The Exec Supervisor emphases partnership in between ERCA and nationwide stakeholders in order to enhance: (i) device for gathering and sharing info and finest techniques, (ii) nationwide possession of the local competitors structure, (iii) capabilities structure of the stakeholders, and (iv) examination and enforcement of competitors regulation.
In her welcome comments, Her Excellency, Madam Josephine KRUMAH, ECOWAS Payment Permanent Agent to the Republic of Liberia to share genuine appreciation in behalf of Head of state of the ECOWAS Payment, H.E. Dr. Omar Alieu Touray, declared the Payment’s devotion to enhancing financial combination and via promo and application of competitors and customer legislations in the area. This appropriately will remain to develop recognition for the essential of Competitors and Customer Defense with the objective specifically for the Liberia to have a Competitors Structure and Plan that will certainly bring in for the development of a National Competitors body to make it possible for implement competitors regulation by getting rid of anti-competitive techniques, therefore make certain the efficient application of the Regional Competitors Regulations.
In his opening up comments in behalf of the Preacher of Business and Sector of the Republic of Liberia, Honourable Amin MODAD, the Replacement Preacher of Business, WILMOT REEVES, expanded a cozy welcome to all individuals to Monrovia and said thanks to the ECOWAS Payment generally, and the ECOWAS Regional Competitors Authority for taking the campaign of arranging this campaigning for and sensitization conference for share the required of ERCA and to work together with the Liberia authorities for competitors and customer plan and las to help in the facility of the National body for Competitors.
Identifying the critical duty these structures play fit lively markets, the Honorable Preacher highlighted that Liberia has start procedure to develop Liberia’s nationwide Competitors Authority and establish thorough Competitors and Customer Defense legislations, that would certainly cultivate a community where development embellishments, customer rate of interests are secured, and fair-trade techniques are the standard.
The Honorable Preacher advised that “the international economic situation is swiftly advancing, affected by technical improvements and changing market characteristics and because context, Liberia’s quest of a distinct competitors plan is not just an alternative however a need. As arising economic situations around the world have actually shown, efficient competitors regulation is a foundation of financial growth. It makes sure an equal opportunity, stops monopolistic techniques, and opens possibilities for little and moderate ventures to flourish.
The opening declarations were adhered to by discussions and conversations on ECOWAS competitors structure, review of the Competitors Regulation of Liberia and Condition of competitors and customer defense tracking in Liberia. The conference thought about the significance of proceed partnership with stakeholders for boosted recognition of competitors concern and for the Liberian federal government to evaluate the existing competitors regulation to think about the local and continental structure, and specifically the development of the National Competitors Authority of Liberia for the application of the competitors and customer defense plan.
The conference better embraced a referral for ECOWAS Regional competitors Authority to come with the Liberia in the procedure of regulation testimonial, and by expansion the Liberian Authority to utilize the competitors legislations to enhance the growth of Little and Tool Enterprises (MSMEs).
The list below days, ERCA delegation paid a politeness phone call to the Honourable Preacher of Business and Sector of Liberia and had reciprocal functioning sessions with the Ministry of Business and Sector, some companies, the National Specification Lab, the Houses Board on Business of Liberia National Legislature, Liberia Lender’s Organization and the Drug Board.
Dispersed by APO Team in behalf of Economic Area of West African States (ECOWAS).
