In August 2007, the ASEAN Economic Ministers (AEM) endorsed the establishment of the ASEAN Experts Group on Competition (AEGC) as a regional forum to discuss and cooperate on competition policy and law (CPL). In the run-up to the establishment of the ASEAN Economic Community (AEC) in 2015, the AEGC has set its work towards four priority areas:
- Strengthening the regulatory environment in ASEAN;
- Institutional capacity building and law enforcement of CPL in ASEAN;
- Developing a strategy and tools for regional competition advocacy; and
- Building cross-cutting regional initiatives.
Until the end of 2015, AMS have made remarkable progress in fostering a competition culture in ASEAN. 9 out of 10 AMS have enacted a national competition law to address anti-competitive agreements, abuse of dominance as well as anti-competitive mergers and acquisitions.
Moreover, the AEGC has also facilitated numerous workshops, trainings and seminars to strengthen the capacities of competition-related agencies in the areas of institutional building, law enforcement and advocacy. To guide the drafting and implementation of competition laws in AMS, ASEAN has developed Regional Guidelines on CPL, a Handbook for Business and other publications.
Moving forward, the AEGC will continue to ensure a level playing field and foster a culture of fair business competition, for enhanced regional economic performance in the long run.