The CPLG, formerly known as Competition Policy and Deregulation Group, was established in 1996, when the Osaka Action Agenda (OAA) work programs on competition policy and deregulation were combined. In 1999, APEC Ministers endorsed the APEC Principles to Enhance Competition and Regulatory Reform and approved a road map which established the basis for subsequent work on strengthening markets in the region. In 2008, members agreed to change the name of the group to the Competition Policy and Law Group to reflect the fact that regulatory aspects of competition are now being discussed within the framework of the Economic Committee.  The CPLG is established as a group under the APEC Economic Committee. The CPLG meets annually and comprises officials from agencies in charge of competition law enforcement or competition policy in all member economies. Through the Competition Policy and Law Group (CPLG), APEC works to encourage market discipline, promote economic efficiency and eliminate distortions.  The CPLG recognizes the APEC Putrajaya Vision 2040 of building an open, dynamic, resilient, and peaceful Asia-Pacific community by 2040. To this end, the CPLG is committed to realizing the following objectives, so as to contribute to the APEC Putrajaya Vision 2040 and the Aotearoa Plan of Action: • Promote understanding of regional competition laws and policies with the view to facilitating APEC activities • Identify areas for technical cooperation and capacity building among APEC member economies • Promote exchanges and cooperation among competition agencies of member economies on competition policies and competition law enforcement, in order to formalize annual updates, facilitate contacts and monitor emerging issues • Contribute to the work of the Economic Committee (in particular, the Enhanced APEC Agenda for Structural Reform)