Players in the energy, telecommunications, standards setting and financial sector will this week be equipped with expertise on fair competition and consumer protection from a six-member delegation from Fair Competition Commission (FCC) of Tanzania which is in the country on a study tour.
According to Competition and Fair Trading Commission of Malawi (CFTC), this is an outcome of a memorandum of understanding signed by the CFTC and FCC aimed at strengthening international cooperation in the enforcement of competition and consumer protection laws in Malawi and Tanzania through staff exchange, training and information sharing.
CFTC executive director Charlotte Wezi Malonda said the commission has an excellent working relationship with the Fair Competition Commission of Tanzania, founded on principles of enhancing cross-border enforcement of competition and consumer protection laws.
“The study tour will help strengthen the existing relationship between the CFTC and FCC and further enhance the spirit of cooperation in the enforcement of anti-competitive and unfair trading practices with a cross-border dimension.
The visit will also boost our efforts in Malawi, because it demonstrates that with relation to competition and consumer protection we are on the right track,” said Malonda.
FCC is a Tanzania government regulatory agency established to promote and protect fair competition and consumer welfare.