The eighth ASEAN Framework Agreement on Competition (AFAC) Negotiation was virtually held on 21 February 2024.
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 considered and negotiated on the draft text, focusing on concluding the negotiation of Article 5 “Internalization of Competition Policy”, Article 6 “Strengthened Advocacy Efforts”, and Article 7 “Measures to Strengthen Regional Cooperation and Coordination”.
The Meeting agreed on the work plan and discussed the preparation for the 9th AFAC Negotiation to be held on 15 March 2024 in Bangkok, Thailand.