The Fair Competition Act of 2014Sponsorship Speech of Senator Paolo Benigno Aquino IV
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99%
66%
of all businesses
of all jobs
micro, small, and medium enterprisesPhoto: Kenneth Gaerlan
Photo: Andrew Hux
A fair competition policylevels the playing field
encourages innovation
drives down prices
gives wider range of products
improves production efficiencies
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“With fair competition, everyone wins.”
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The Competition Commissionpromotes & enhances economic efficiency & competition
ensures that industrial concentration would not limit economic power to a few
prohibits anti-competitive agreements & abuses of dominant position
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OECD GLOBAL FORUM ON INTERNATIONAL INVESTMENT
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Competition Regime
Competition LawCompetition PolicyEliminate barriers to entry & exit of new business entities
Curb anti-competitive practices
Increased competition in the market
Greater investment
Higher Quality at Lower Prices
1890 1906
1947 1948Photo: John Tewell
Photo: Pakistan Today Website
19992005
20122004
The Fair Competition Act of 2014
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Photo: Gerry Ruiz
Photo: Soltys0, Wikipedia Photo: Mahesh Makvana
1997 2014
The Fair Competition Act of 2014
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1980sPhoto: Storm Crypt, Flickr
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Photo: Mike Gonzalez, Wikipedia
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“With fair competition, everyone wins.”
Photo: Benson Kua
Photo: Benson Kua
safeguards the welfare of businesses
promotes healthy competition
inspires ingenuity & innovation
The Fair Competition Act of 2014
“Pinapanday na natin ang sistema kung saan talagang patas ang laban; kung saan ang sumusunod sa patakaran ay nakakarating sa nais niyang paroonan; kung saan may tunay n a k u m p e t i s y o n g n a g b u b u k a l n g pagkakataon at malawakang kaunlaran; kung saan ang lahat ay may kakayahang panghawakan ang sariling kapalaran.”
The Fair Competition Act of 2014Sponsorship Speech of Senator Paolo Benigno Aquino IV
Photo: Benson Kua