Support Sought for Competition Law

Manila Bulletin, January 29, 2013 | Go to article overview

Support Sought for Competition Law


The House committee on trade and industry has urged the foreign chambers and the business community to support the passage of House Bill 4835, an anti-trust act prohibiting monopolies and penalizing anti-competitive agreements and mergers.

Batangas Congressman Tom Apacible, vice chair of the House committee on trade and industry told a forum on fair competition on Tuesday that without a competition law as an anchor, it would be difficult to attract foreign investors.

He urged them to campaign harder for the passage of the bill, lobby their congressmen or write President Aquino to certify HB 4835 as urgent.

"That's the only chance we have. If you want a good government, you should be part of government," added Apacible. The bill is in its second reading at the House of Representatives.

Guy Ledoux, head of the European Delegation to the Philippines, said: "We see the importance that the present administration is giving to level the playing field. The Philippines is an excellent candidate to take the step towards a solid competition law."

Stanley Wong, former Commissioner of the Competition Authority in Ireland said that there is no single model for competition law, as it should take into regard the business culture of a country.

"What is important is that a sense of institutional structure is developed. …

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