Joint Foreign Chambers' Statement on Competition Legislation
Position Papers - October 17, 2011
The Joint Foreign Chambers (JFC) are firmly of the opinion that a well-drafted and sensibly implemented competition law would contribute considerably to President Aquino’s promise of a level playing field for investors in the Philippines.
In this context, the Joint Foreign Chambers are pleased to note that the Executive Branch of government and both Houses of Congress are determined to create effective competition legislation and implement competition policy.
The House has already a consolidated bill (HB 4835); the Senate is moving towards a consolidated bill.
In the meantime, President Aquino has signed Executive Order 45, creating a Competition Office under the Department of Justice so that competition policy can be better enforced. The JFC see this decision of the Aquino Administration as a move to “hit the ground running”, address competition issues immediately, and create the level playing field that consumers deserve.
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