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The Seventh ASEAN Framework Agreement on Competition (AFAC) Negotiation wasvirtually held on 14December 2023.
The Meeting was held in plenary and attended by all ASEAN Member States (AMS), and the ASEAN Secretariat. The Meeting was chaired by Ms. Lolibeth Ramit-Medrano, Commissioner of the Philippine Competition Commission (PCC), Chair of the AFAC Negotiation.
The meeting discussed on the draft text for the Article on Consultations; and compilation of the alternative texts for Article 5 (2) amd Article 6(2). The meeting also considered and negotiated on the draft text, focusing on concluding the negotiation of Article 5 and 6, and commenced negotiation of Article 7.
The ASEAN Framework Agreement on Competition (AFAC) was aimed to use as a legal framework to strengthen cooperation within the ASEAN region and to facilitate the exchange of competition related information among ASEAN member states.