Page 56 - MOET PR REPORT- SEPTEMBER 2025

Press Release

UAE joins BRICS Memorandum of Understanding on
Competition to enhance international cooperation in competition

and combating monopolistic practices

Cooperation to facilitate the exchange of expertise and best practices in the
enforcement of competition laws, fostering more transparent and dynamic

markets

Abu Dhabi, 17 September 2025:

The UAE joined the BRICS Memorandum of Understanding on Competition during its
participation in the meeting of BRICS competition authorities hosted by South Africa recently. The
MoU aims to strengthen international cooperation in the field of competition, enhance mechanisms
to combat monopolistic practices, facilitate the exchange of expertise and knowledge, and develop
effective policies in this vital area.

The move is part of the UAE’s ongoing efforts to cement its role as an active strategic partner in
driving global growth. It also expands opportunities to forge advanced partnerships with
counterparts in major economies and emerging markets, while supporting knowledge transfer and
the development of national capabilities in the field of competition.

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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