Law to relieve consumers of unhealthy business practice :
Express, Bangladesh, July 02, 2012
Law, Justice and
Parliamentary Affairs Minister Shafique Ahmed Sunday said the
Competition Law would give relief to the country's consumers from
the unhealthy syndication of business.
"Consumers are the most affected persons for the unhealthy
competitions in the market and the law has been passed to relieve
them," he said while speaking at a dialogue in a city hotel.
Institute of Policy, Advocacy and Governance (I-PAG) in
association with CUTS International of India and International
Finance Corporation (IFC) organised the dialogue styled "Effective
Implementation of a Competition Regime Benefits for Consumers and
Industries Minister Dilip Barua also spoke at the pogramme as the
guest of honour.
The law minister said the comission which will be set up under the
Act will enquire about any allegations of anti-competitive move,
anti-competitive behaviour and take punitive measures against the
Shafique Ahmed expressed hope that the implementation of the law
will benefit the consumers by providing better access to quality
goods and services at a competitive price.
Industries Minister Dilip Barua said the government wants a fair
competition in the market so that all the market players can play
their due role in the marketing process and price fixing.
"We will not allow any kind of ill practices in the market
including monopoly, merger acquisition, bid rigging, abuse of
dominant position etc," he said.
Informing that the government has a stock of 170,000 tonnes of
sugar to control its price during the coming Ramadan, Dilip Barua
said, "Like the sugar market we are very much concerned about the
attempt for price hike of daily commodities."
Chairman of Bangladesh Tariff Commission (BTC) Dr Mujibur Rahman
said this law aims to protect the consumers so that they will not
be cheated and it will also ensure the quality of products.
"It is very much difficult to appoint right persons on the
different bodies who have enough knowledge on the related
subjects," he said adding: "the government is now looking for a
right person for the commission."
He also stressed the need for the independence of the commission.
Chairman of I-PAG Prof Syed Munir Khasru moderated the discussion.
Advocate Fazle Rabbi Miah MP, Chairman of the Parliamentary
Standing Committee on the Law Ministry, William Kovacic, Professor
of George Washington Law School and Former Commissioner at Federal
Trade Commission of USA, Rahat Kaunain Hassan, Chairperson of
Pakistan Competition Commission, Pradeep S Mehta, Secretary
General of CUTS International of India, among others, also spoke
at the event.
On March 7 this year, the government placed the bill 'The
Competition Law, 2012' in parliament.
The main objective of the law is to encourage a healthy
competition in trade and business and help stop unscrupulous
business activities that, in most cases, are aimed at cheating the
consumers and controlling markets through means -- fair or foul.
On June 17, the parliament passed the bill to set up Bangladesh
Competition Commission (BCC) that will work to ensure and
encourage a healthy competition in business by busting syndicates
involved in manipulating and controlling markets.
The BCC to be comprised of a chairperson and a maximum of four
members may investigate any allegation on its own or on receiving
complaints. And it will oversee the market situation and take
necessary measures against unscrupulous businesses and
An individual may be punished with a jail term of a maximum of one
year for violation of any order of the commission or a fine of Tk
100,000 per day for the number of days it fails to comply with the
order, according to the bill.
This news item can also be viewed at: