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Browsing: BRICS economies
- BRICS Competitive Agencies are set to develop a new approach to food markets regulation.
- One of the largest global blockchain platforms on commodities, Covantis, may be the first to fall under restrictions.
- Founded by the largest agro-traders of the ABCCD group and Viterra, Covantis avoids antitrust scrutiny due to its structure.
Antitrust authorities drawn from BRICS member countries are set to establish a unified system to monitor and control food markets regulation, in a move that is poised to put Covantis, one of the giant platforms on commodities under close check.
In a statement released during a meeting on the sidelines of the 3rd BRICS + (Brazil, Russia, India, China, South Africa, Egypt, Iran, United Arab Emirates, Ethiopia + partners) Digital Competition Forum in Rio De Janeiro, the BRICS Competition Law and Policy Centre tabled a fresh approach to monitoring markets.
According to BRICS, the fresh system offers a new …