The event featured the participation of Dr. William E. Kovacic, former Chairman of the Board of Directors of the Federal Trade Commission (FTC).
Santo Domingo. The Legal Committee of the American Chamber of Commerce of the Dominican Republic (AMCHAMDR) and the National Commission for the Defense of Competition (ProCompetencia) held a thematic breakfast entitled "The Role of Competition in Efficient Market Economies."
The activity was held to promote the importance of competition in strengthening efficiency and competitiveness, as well as the importance of implementing Competition Policy Compliance Plans for the private sector.
The meeting took place in the Churchill Room of the Real Intercontinental Hotel and was opened by AMCHAMDR President David Fernández.
“Free trade and competition law have the same objective: to maximize the well-being of consumers and businesses through competition. As such, they should be considered two sides of the same coin, supporting each other,” Fernández stated.
In this regard, the businessman stated that to take full advantage of the opportunities offered by free trade and the global economy, it is essential to have initiatives that promote and defend competition.
Yolanda Martínez, president of ProCompetencia, contextualized the activity's program and reaffirmed the institution's commitment as guardians and guarantors of the defense of competition among the country's economic agents. "It is very important that companies or economic agents approach us voluntarily to identify potential risk areas and address those risks through compliance plans," she stated.
As an international speaker, the event featured Dr. William E. Kovacic, director of the Competition Law Center at George Washington University and former chairman of the Board of Governors of the U.S. Federal Trade Commission (FTC). Kovacic spoke about the importance of implementing competition compliance programs. He also addressed trends in competition law in his presentation.
During the event, a panel of experts entitled "Challenges for the Regulator in the Dominican Republic's New Free Competition System" was held. Dr. Kovacic was joined by Mirna Amiama of Amiama Nielsen Abogados; Dania Heredia of CEMEX; and Mario Pujols of Pujols Canals Legal Consultants. The panel was moderated by Eliana Peña of Claro Dominicana.
