The Competition Consultative Group (CCG), an informal think tank set up by the Competition Commission of Pakistan (CCP), has strongly urged the business community and the government to extend full support to CCP to check cartelization, anti-competitive behaviour and deceptive marketing practices.
According to an announcement of the CCP here on Saturday, the 18th meeting of Competition Consultative Group has been convened to solicit feedback and suggestions on competition related matters from the business, legal community, academia, media, regulatory bodies and the government.
They appreciated the forthcoming approach of CCP and suggested creating a channel of communication between CCP and the business community that will help bring competition issues in the knowledge of CCP. The participants also stressed the need for early disposal of pending cases of CCP in various courts to pass on the benefits to consumers and the business community.
Dr Joseph Wilson briefed the participants of the meeting on various initiatives, actions, and achievements of CCP. He informed that CCP has recently been awarded fair rating with 'arrow up' by the Global Competition Review (GCR), a London-based leading anti-trust journal, in its latest annual survey of the world's leading competition authorities. The rating is stated by GCR itself to be a performance indicator recognising that 'an agency is considered to make excellent use of its resources and has surpassed its previous accomplishments.'
Dr Wilson quoted GCR as stating that CCP keeps moving from strength to strength. He said that GCR in its survey has lauded the dedication of CCP's enforcement staff, termed the orders of CCP as "well reasoned and informed", appreciated the leniency decision of CCP, and accredited CCP's continued success to its Chairperson, Rahat Kaunain Hassan, "who has worked hard to improve the core competencies of the authority and guard its precious independence."
Dr Wilson briefed the participants of the meeting on the 3rd International Conference of CCP held on 29-30 May 2013 in Islamabad. The Conference was attended by 22 Competition law experts and senior officials of various competition agencies from America, Canada, Brazil, Mexico, South Africa, Kenya, France, Turkey Sri Lanka and Portugal. Local participants of the Conference included Chief Executive Officers of various multinational and local companies in Pakistan, representatives of the business associations, Bar Councils, academia, media and the government.
The meeting was told that the Conference discussed various key issues in the areas, eg public procurement, the linkage between competition and trade and investment, cartels and the significance of leniency and reward programmes, and competition advocacy. He informed the meeting that a workshop for CCP's enforcement staff was held on May 30, at CCP headquarters in which the international experts shared their knowledge with CCP team. The CCG members were also informed that CCP recently trained officials of the Government of Afghanistan, on Competition Law in a consultative experience-sharing programme organised by the US Department of Commerce, through its Commercial Law Development Programme, in partnership with the US Federal Trade Commission (FTC) and CCP. Besides, the officials of Officer of Fair Trade, UK, and Turkish Competition Authority recently visited CCP to train the enforcement of CCP.
The participants of the meeting were also briefed on the enforcement orders issued by the Commission during the last three months. These orders were issued in the matters of International Clearing House (ICH), Abuse of Dominance by urea manufacturers, and unaccredited engineering courses offered by universities. Mueen Batlay, Member, and Ikram-ul-Haque Qureshi, DG CCP briefed the meeting on the background of the orders and replied to various questions of the participants.
The meeting was chaired by Dr Joseph Wilson, senior Member CCP, and also attended by Mueen Batlay, CCP Member, and Ikram-ul-Haque Qureshi, Director General/Registrar of the Commission. The participants of the meeting included representatives of State Bank of Pakistan, Intellectual Property Organisation, Pakistan Engineering Council, Engineering Development Board, Institute of Chartered Accountants of Pakistan (ICAP), ACCA Pakistan, Lahore Chamber of Commerce and Industry, United Bank Limited, Saudi Pak Leasing, Linde Pakistan Limited, ICI Pakistan Limited, JS Private Equity, Earnst and Young, Daud Hercules Pakistan Limited, and a local newspaper.
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