European competition event to champion consumer power

European competition authorities, academics, and industry leaders gathered in Dublin today to discuss competition policy amidst an evolving European economic landscape aiming to benefit consumers. Held in conjunction with European Competition Day at the National Botanic Gardens, the event is jointly organized by the Competition and Consumer Protection Commission (CCPC) and the Department of Enterprise, Tourism and Employment.

Prominent attendees include Teresa Ribera, Executive Vice-President of the European Commission for a Clean, Just and Competitive Transition, as well as Anthony Whelan, the newly appointed Irish Director-General of the European Commission's Directorate-General for Competition. The Irish Minister for Enterprise, Tourism and Employment, Peter Burke, is also set to deliver a speech highlighting the need for a fair and level playing field in business, while ensuring policies do not hinder trade and economic growth for EU countries and communities.

Ribera emphasized that Europe cannot afford to become dependent on a select few companies for essential technologies shaping their economy and society. The overarching goal, she stated, is to ensure markets serve European citizens. With ongoing inflation and persistent high prices, competition plays a crucial role in affordability, choice, and maintaining citizens' dignity.

CCPC Chair Brian McHugh underscored that competition is one of the most potent tools governments possess to shield consumers. Europe has the potential to foster innovative and prosperous businesses, but competitive pressure remains essential for market success. Competition authorities' role, according to McHugh, is not to designate champions but to establish a level playing field; consumers ultimately decide the winners.