Wednesday, 11 June 2014

Myanmar Readies Itself For Competition Law

BANGKOK, June 5 (Bernama) -- Senior officials from Myanmar's Ministry of Commerce (MoC) and other related institutions attended a training course on Competition Policy and Law (CPL) recently at the Chiang Mai University.

The training from May 19-29 was aimed at improving understanding about the benefits of fair business competition, and also substantiate the ongoing national consultations over a draft competition law in Myanmar, said the Asean Secretariat in a statement here.

The Secretariat said with reference to regional and international good practices, the training discussed the main provisions of competition laws and considerations for a suitable institutional set-up.

It also explained the different roles of the government, judiciary, private sector and civil society in the effective implementation of competition law.

As part of their commitment towards the imminent realisation of the Asean Economic Community (AEC), member states are committed to the introduction of competition policy nationwide by 2015.

The Asean Experts Group on Competition (AEGC) was established in 2007 as a regional forum for the exchange of experiences on CPL.

However, a comprehensive competition law is in place only in five countries, with Myanmar one of those currently drafting competition legislation.

It is envisaged that similar training will be organised for officials from Laos, which is also preparing a competition law next month.

The Asean secretariat said with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ), the GIZ-assisted project "Competition Policy and Law in Asean", has been supporting Asean member states with their efforts in introducing and implementing competition policy since 2011.

The training was supported by the German Friedrich Naumann Foundation and the Deutsche Gesellschaft fUr Internationale Zusammenarbeit (GIZ).

source: Bernama
Related Posts Plugin for WordPress, Blogger...