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Competition Law in Barbados (A brief History)

Competition Law in Barbados (A brief History). Structure of Organisation , Uniqueness of experiences, Challenges faced, Response to challenges. Fair Trading Commission Barbados. Multi-faceted regulatory mandate. Fair Competition Act To Promote and Maintain Competition

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Competition Law in Barbados (A brief History)

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  1. Competition Law in Barbados (A brief History) • Structure of Organisation, • Uniqueness of experiences, • Challenges faced, • Response to challenges

  2. Fair Trading Commission Barbados • Multi-faceted regulatory mandate • Fair Competition Act To Promote and Maintain Competition • Consumer Protection Act To Protect Consumer Rights • Utilities Regulation Act To Ensure Efficient Utility Services

  3. Fair Competition act(Scope of Coverage) • Covers all types of conduct • Includes Agreements and Abuse of Dominance, Interlocking Directorships, • Includes Merger Control Provisions • Provides for Authorisations • Includes all domestic markets • Includes Statutory Corporations

  4. Fair Competition act(Approach Adopted) • Informal Grace Period • Took on selected matters • Seek technical Assistance • Advantage • Had the provisions in place when required • Disadvantage • Criticised for not addressing certain conduct

  5. Reaction of Business Community • Over regulation, • Lacking the necessary expertise, • Stifling and restrictive of domestic investment • Restricted the ability to expand compete globally.

  6. Develop Competition Culture(Approach Adopted) • Phase 1 - Inform and educate • Special Stake holder Seminars (business groups, students etc.) • Guidelines, Articles in press, Fliers • Website • Radio and TV Phase 2 - Targeted Industry Seminars • Sector studies • Own Initiative Investigations

  7. Performance (Investigations)

  8. Challenges Faced • Lack of Competition Culture and infrastructure • Inexperienced Staff – lack of formal training opportunities • Inexperienced Judiciary • Inefficient and Untested administrative procedures • Inadequacy of legislation • Limited financial resources

  9. Competition Law in Barbados (A brief History)

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