ASEAN signs the ASEAN Framework Agreement on Competition (AFAC)

The 57th ASEAN Economic Ministers’ (AEM) Meeting joint media statement reports the signing of the ASEAN Framework Agreement on Competition (AFAC). For compliance teams, this signals a formalised ASEAN-wide framework for competition-policy cooperation and greater regulatory coherence, which may increase cross-border alignment and information sharing among competition authorities and influence internal antitrust/compliance governance for companies operating across multiple ASEAN Member States.