The BRICS Countries and Their Cooperation in the Field of Competition Law and Policy

In the field of competition law, the international legal regime is virtually non-existent. Despite certain success of regional integrationist developments that led to a significant degree of harmonization and convergence of the substantive competition rules, their enforcement remains primarily national. Despite economic, political, and social differences amongst BRICS countries, the significance of competition policy in these globalized economies prompted a certain degree of co-operation and experience sharing. The presentation addresses the actual and potential contribution of the BRICS to overcoming or shifting the international fragmentation of the competition law. The overview of the current BRICS initiatives and cooperation should provide a better understanding of the BRICS approach towards the role of competition law, the substantive and procedural competition rules as well as the international enforcement cooperation.