The Fifth UN Conference to Review All aspects of the Set concluded on a standing ovation for the President of the Turkish Competition Authority, Mr Mustafa Parlak, who also acted as the President of the Conference. A few minutes earlier, the Conference unanimously adopted the Report, including a 6 page Resolution, which inter-alia recognises the role that competition policy plays in promoting competitiveness, building entrepreneurship, facilitating market access and entry, enhancing the equity of the international trading system and ensuring that trade liberalization brings about development gains.
The Conference further reaffirms the validity of the UN Set on Competition and calls upon all member States to make every effort to implement fully its provisions. States are invited to increase cooperation between their competition authorities and Governments, especially when anticompetitive practices occur at the international level; such cooperation being particularly important for developing countries and economies in transition. The Conference also recommends that the General Assembly convene a Sixth Review Conference under the auspices of UNCTAD in 2010.
In the light of the São Paulo Consensus, the Conference also decided upon the broad lines of UNCTAD's future work programme in this field, including the voluntary peer review process initiated during the Conference, and recommended the continuation and strengthening of the important and useful work programme within UNCTAD's secretariat and intergovernmental machinery, which proceeds with the active support and participation of competition law and policy authorities of member States. In conclusion, the Conference also agreed on the provisional agenda of the forthcoming 2006 session of the Intergovernmental Group of Experts on Competition Law and Policy and decided that at that session the Group would consider four specific competition policy issues for better implementation of the Set, as they relate to:
(i) sectoral regulators;
(ii) hard-core cartels;
(iii) cooperation and dispute settlement mechanisms; and