Competition law is gaining attention and is widely recognized as the cornerstones to drive economic growth, productivity, stimulate innovation, and brings consumer benefits with better choice, price and quality goods. Competitive markets also provide opportunities for existing and new business, especially smaller businesses, to expand and enter the market. This was explained by the Chairman of the Competition Commission of Brunei Darussalam at the JAPAN-ASEAN Integration Fund Sub-Regional Workshop on the Selection and Prioritisation of Sectors or Industries for Market Studies yesterday morning.
Dato Paduka Eddie bin Dato Paduka Haji Sunny said it is no longer an option to have in place an effective competition regime, in order for the country to stay relevant in the competitive world market, and to align with the Economic Pillar of the Wawasan Brunei 2035. Dato Paduka Eddie also underlined on the implemented efforts since the establishment of the Competition Commission in the country, including meetings with various parties.
37 participants from ASEAN competition authorities and government agencies take part in the workshop. It was hosted by the Department of Competition and Consumer Affairs, Department of Economic Planning and Development, Prime Minister's Office, and was supported by Japan Fair Trade Commission, ASEAN Secretariat and Commission for the Supervision of Business, Indonesia (KPPU).
Source: Radio Television Brunei