Search results
- Enforcement of this law helps ensure that markets are open and free, challenging anti-competitive business practices while maintaining an environment where competition is driven by business acumen. A competitive market means a market with multiple buyers and multiple sellers, driving market prices lower and offering consumers more choices.
www.phcc.gov.ph/philippine-competition-law-r-10667/
The Competition Act has extraterritorial effect, meaning that it is enforceable against acts committed within or outside the Philippines which affect trade, industry or commerce in the Philippines. The Competition Act also establishes the Philippines Competition Commission (the Commission) as the authority
- 167KB
- 5
The Philippine Competition Act (PCA) or R.A. 10667 is the primary competition law of the Philippines for promoting fair competition in the marketplace and protecting well-being of consumers in the process.
How does the government promote and protect market competition? Republic Act No. 10667 or the Philippine Competition Act (PCA) is the primary law of the Philippines prescribing a policy for promoting and protecting fair market competition.
Enacted in 2015, Republic Act No. 10667 or the Philippine Competition Act (PCA) is the country’s primary competition law. It defines, prohibits, and penalizes anti-competitive practices, with the aim of enhancing economic efficiency and promoting free and fair competition in trade, industry, and all commercial economic activities. The Philippine
- 4MB
- 21
(a) Enhance economic efficiency and promote free and fair competition in trade, industry and all commercial economic activities, as well as establish a National Competition Policy to be implemented by the Government of the Republic of the Philippines and all of its political agencies as a whole;
After numerous attempts to pass a competition bill in congress during the past two decades, the Philippine government finally enacted a law that will promote free and fair competition in economic activities and penalize anti-competitive conduct.
People also ask
Why did the Philippine government enact a competition law?
What is Philippine Competition Act 10667?
What is the Philippine Competition Act (PCA)?
How many competition laws are there in the Philippines?
How does the Philippine Trade Act affect international trade?
What is the purpose of the Fair Trade Act?
Act. The Act seeks to (i) enhance economic efficiency and promote free and fair competition in trade, industry and all commercial activities; (ii) prevent economic concentration that will control production, distribution or trade, which will unduly stifle competition or lessen, manipulate or construct the discipline of free markets; and
