Page 528 - MOET PR REPORT- SEPTEMBER 2025

9/18/25, 4:36 PM UAE joins BRICS Memorandum of Understanding on Competition to enhance international cooperation in competition and combati…
In this context, H.E. Safia Al Safi, Assistant Undersecretary for Control and Commercial Governance Sector at the
Ministry of Economy and Tourism, emphasized that joining the Memorandum of Understanding, signed by the

competition authorities of the BRICS countries, is an important step toward enhancing international cooperation in this
vital field, facilitating the exchange of expertise and best practices in applying and enforcing competition laws, and

fostering more transparent and dynamic markets, thereby contributing to sustainable economic development among
nations.

H.E. Safia Al Safi explained that this move reflects the Ministry’s commitment to developing a business environment on

the foundations of transparency and fair competitiveness, supporting the UAE’s position as a leading global destination
for investment and business, and enhancing its contribution to shaping global economic policies.

Participation in BRICS Competition Conferences

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The UAE participated in the 9 International BRICS Competition Conference 2025 and the 19 Annual Conference on
Competition Law, Economics, and Policy, which drew extensive participation from heads and representatives of
competition authorities from across member states, alongside a number of experts, specialists, and academics.

The UAE’s participation underscores its commitment to strengthening its presence in international economic forums and
supporting global efforts to develop competition policies and combat monopolistic practices. These efforts contribute to

sustainable economic growth and enable the UAE to keep pace with transformations in the global economy.

The events featured extensive discussions on the most pressing economic challenges related to competition in BRICS
countries. Participants examined the interplay between competition, sustainability, trade, and investment, and explored

the implications of rapid developments in digital markets and AI technologies. Sessions also highlighted the need to
develop legislation capable of keeping pace with these changes while ensuring fair competition.

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