This report provides a summary of the policy dialogue held on 17-18 September 2020. The overarching goal was to examine the value of high-quality and comprehensive competition-related provisions in FTAs/EPAs, which ultimately contribute to building the capacity of APEC officials with the view to achieving the eventual realisation of Free Trade Area for Asia and Pacific (FTAAP). The policy dialogue brought together a diverse set of stakeholders from government, academia, and the private sector to discuss how competition policies in FTAs/EPAs can be utilised to foster environments conducive to business and investment. Key topics addressed included how trade agreements and domestic regulations promote fair competition, equal treatment among business stakeholders and inclusiveness and equal opportunities. Many of the presentations and discussions touched upon the possible role played by FTAs/EPAs in the face of the unprecedented disruption caused by the COVID-19 pandemic.