Mrs. Deborah Platt Majoras, Chairman of Federal Trade Commission, USA gave an excellentpresentation with “competition family’s” international flavour.
Mrs. Deborah Platt Majoras, Chairman of Federal Trade Commission, USA gave an excellent presentation with “competition family’s” international flavour on the occasion of speaking about the central role of economic analysis in competition policy, in Bucharest, on 27 March, 2007, at the Academy of Economic Studies. She has stimulated the audience thinking on a number of related issues by making it simple to understand that in applying competition policy it is essential to look at the facts, but the analytical framework of the economic theory is essential to sound competition policy enforcement. Having a real rhythm of spirit and a special sense of humour, Deborah Platt Majoras proved a logical brilliance in treating the concepts put forward in debate, by leaving a clear message truly appreciated by the attracted audience. She made an excellent presentation of the proper objective of the competition policy – promotion of the consumer welfare (applying the consumer-welfare standard) – and of the importance of adequately applying the economic analysis to competition rules by integrating both law and, economics that competitions authorities should focus on, because finally most of the decisions taken by are essentially economic decisions. Getting to questions at the end of the wonderful presentation there were some interesting ones emerging from and the answers gave by the Chairman of FTC demonstrated the ability in conveying the points.
Romanian Distribution Committee expresses its joy that FTC “partner with NGOs, including consumer and interest groups that help identify consumer issues and educate consumers”, because indeed consumers are recognized by most businesses “as the life blood they are”. And…“like competition, consumer protection issues have gone global” (Remarks of Deborah Platt Majoras, Chairman, Federal Trade Commission, on the occasion of ABA Consumer Protection Conference, Washington, D.C., January 30, 2007).
Romanian Distribution Committee was also happy to recently find again that “The FTC’s core mission, however, remains constant – protecting consumers from harm” (Deborah Platt Majoras – “Building A Culture of Privacy and Security – Together”, The IAPP Privacy Summit, March 7, 2007) and also to observe “some of the principles that are important to the agency”: “forming partnerships and leverage resources; remaining focused on consumer harm; getting the facts; planning for the future and not just respond to the often overwhelming problems of today” (Remarks of Deborah Platt Majoras, Chairman, Federal Trade Commission ABA Consumer Protection Conference, Washington, D.C., January 30, 2007).
The following two pictures present the meeting again on the 27 th of March 2007 between Deborah Platt Majoras, Chairman, Federal Trade Commission and Theodor Purcarea, Professor at the Romanian-American University and President of the Romanian Distribution Committee (in one of the pictures one can also see Professor Mihai Korka, the Dean of the Faculty of International Economic Relations, the Academy of Economic Studies). It is worth to mention that Romanian Trade Magazine (“Revista de Comert, Tribuna Economica”) presented in the September 2003 issue a picture from the first meeting, Bonn, Germany, 19 May, 2003, which showed Deborah Platt Majoras, Bärbel Dieckmann, Mayor of Bonn and Theodor Purcarea.