Competition authorities meet
A REGIONAL approach to competition is essential, according to market regulators from across the Pacific, whose inaugural conference opened in Nadi over the weekend.
Organised by the Fijian Competition and Consumer Commission, member organisations of the Pacific Island Network of Competition, Consumer, and Economic Regulators (PINCCER) met to discuss collaboration on relevant issues affecting Pacific markets.
“By working together, we can leverage our collective strength to drive economic growth and development and ensure that our unique regional challenges are addressed through cooperative and unified efforts,” Permanent Secretary for the Ministry of Trade, Co-operatives, Micro, Small and Medium Enterprises and Communications, Shaheen Ali said, while officiating at the event.
“This collaborative approach will enable us to create a fair, inclusive and prosperous future for all Pacific Island nations.
“A regional approach to competition is essential - to foster a fair and open market environment across the Pacific. By aligning our competition policies and regulations, we can create a level playing field for businesses, ensuring that no single entity can dominate the market unfairly.”
PINCCER members will work together in the harmonisation of competition laws, cross border collaboration and capacity building.
PS Ali also spoke on regional approach to consumer protection and to regulating markets.
Among the outcomes of the meeting are plans to establish a robust mechanism for real-time information sharing on scams and fraudulent activities, investment in training programs and workshops to build the capacity of regulatory agencies and engagement with businesses, consumers and civil society to ensure policies are inclusive and transparent.