ECA Expands International Ties Via MoUs With The EEC & UAE

At the occasion of a conference on competition regulation and enforcement held in Egypt in late April the Egyptian Competition Authority (ECA) took action to further expand their international ties and cooperation by signing two Memoranda of Understanding (MoUs). The ECA conclude MoUs on cooperation on competition regulation and enforcement with the Eurasian Economic Commission (EEC) and the Ministry of Economy of the United Arab Emirates (UAE). Given recent developments in merger control review in the UAE, the second MoU will be of particular interest to undertakings doing business in the MENA region.

The MoU signed with the EEC—the executive body of the Eurasian Economic Union (EAEU)—reflects Egypt's increasing engagement with the Eurasian markets and growing engagement of EAEU member states in Egypt. Minister Maxim Yermolovich, the EEC's Commissioner for Competition and Antitrust Regulation, reaffirmed this strategic alignment during the conference, citing the