HORIZONS : WAEMU - CEMAC - UEMOA - PROTECTION OF CONSUMER INTERESTS – COMPETITION POLICY

Competition policy in the CEMAC and the WAEMU: Between economic urgencies and budget constraints

Because of the promises of efficient markets (protection of consumer interests, reduction of poverty, innovation and economic dynamism), competition policy is an attractive issue for Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU) countries. However, appropriate financial resources are essential for its effectiveness. This paper assesses the competition policy implementation in these two regions. In particular, it focuses on the balance between the issues at stake and dedicated financial resources since this could signal governments’ commitment to ensure effective implementation of competition legislation for better market outcomes.

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. I. Introduction 1. Following the liberal economic reforms of the 1990s, CEMAC and WAEMU [1] countries have gradually adopted general and/or sectoral [2] competition laws to protect consumer interests and promote economic efficiency. In some cases, a national competition authority (NCA) has been established, thus giving concrete expression, at least formally, to the emergence of a competition policy. In addition, some countries have introduced, in addition to the new competition legislation, a law dedicated to consumer protection. This unprecedented institutional renewal at the economic level is a marker of the shift away from the "administered economy"

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  • Faculté de droit et de science politique (Versailles)

Quotation

Flavien Tchapga, Competition policy in the CEMAC and the WAEMU: Between economic urgencies and budget constraints, February 2013, Concurrences N° 1-2013, Art. N° 50236, pp. 237-248

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