Africa-Press – Angola. The Competition Regulatory Authority (ARC) and the Petroleum Derivatives Regulatory Institute (IRDP) signed a Protocol that aims to strengthen and regulate institutional cooperation between both institutions.
It also aims to define concrete actions to ensure the effective promotion and defense of competition in the oil derivatives sector.
According to a note from the ARC to which JA had access, the agreement also aims to materialize the duty of cooperation to which the parties are subject, within the scope of the pursuit of their respective attributions, as well as in the definition of rules and procedures regarding the sharing of information. and query.
The instrument also has the objective of carrying out joint activities, preparing studies and analyses, issuing opinions, as well as training staff and economic agents.
Establishing a cooperative relationship in the sharing of non-confidential information, within the limits of the law, in the investigation of practices that restrict competition and in carrying out joint studies in areas of common interest, are among the other objectives.
The note also adds that the protocol focuses on the definition and planning of the content and methodology of reciprocal training and capacity building activities to fulfill the objective of this memorandum.
The solemn ceremony took place at the IRDP premises and was attended by members of the ARC Board of Directors and the Institute’s Directorate General, as well as their respective teams. and by ARC administrator Nelson Lembe.
The two personalities expressed full satisfaction with the signing of the protocol and committed themselves to working hard to maintain the spirit of sharing and collaboration between the employees of both institutions, with a view to obtaining the expected results with the implementation of the act that marks the beginning of a partnership that is expected to be beneficial for the market and for the national economy.
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