CCP and Chinese Market Regulator SAMR to Sign Strategic MoU

Islamabad: The Competition Commission of Pakistan (CCP) is set to formalize a Memorandum of Understanding (MoU) with China’s State Administration for Market Regulation (SAMR), a key regulatory body in China that oversees market competition and enforces anti-monopoly laws.

China has invested significantly in Pakistan through the China-Pakistan Economic Corridor (CPEC) and various Chinese companies. This investment is expected to grow further after the second stage. The CCP is establishing a comprehensive regulatory and legal framework to facilitate the expansion of these commercial activities.

The MoU, which has received final approval from the federal cabinet, holds immense potential to revolutionize the economic relationship between Pakistan and China. The MoU, a formal agreement and a gateway to a promising future, is not just a mere document.

It establishes a comprehensive framework for enhanced collaboration between SAMR and CCP, encompassing bilateral meetings, training programs, workshops, sharing of experiences, exchanging information, research partnerships, and joint efforts in competition law and policy.

This partnership could significantly strengthen the economic relationship between Pakistan and China, fostering a more competitive business environment, promoting fair trade practices, and encouraging foreign direct investment, thereby benefiting both countries.

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