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Print articleNew Mozambique Competition Law
June, 2013 - PLMJ
The new Mozambique Competition Law has been introduced as a tool to promote competition culture and policy in the context of liberalisation of the Mozambican economy and to be an incentive to private initiative. The need to bring greater dynamism to the economy and the lack of legislative instruments adequate to this new situation led to the approval by the Council of Ministers, on 24 July 2007, of a Competition Policy agenda which made provision for the approval of the necessary legislation and a body to be responsible for its application.
Accordingly, the new Competition Law created the Mozambique Competition Regulatory Authority, which should function as an independent administrative authority, with administrative and financial autonomy, subject to the scrutiny of the Mozambique Parliament. The statutes of this new Authority will be approved by the Council of Ministers.
