The absence of political will to implement competition policy in Bangladesh is a major obstruction of its rapidly growing economy

Tonmoy, Nazmul Haque: The absence of political will to implement competition policy in Bangladesh is a major obstruction of its rapidly growing economy. In: Comparative Law Working Papers, (2) 3. pp. 1-15. (2018)

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The Competition policy and law designed to maintain market behavior by preventing anti-competitive practices of undertakings as well as promoting fair stable market competition. The Adaptations of the competition system now has become a global norm, today, more than 120 jurisdictions have competition policy systems and for a variety of reasons it is indeed a very remarkable development for all of us. First the application of competition law has tremendous economic significance which provides great economic benefits in the form of greater productivity and growth, it can assist in developing more effective ways to deliver goods and services. The basic foundation of the competition law set in European Union through the adaptation of the Treaty of Rome (which creates the EU), and significantly that treaty has powerful competition policy provisions provided the foundation of competition policy in Europe. EU Commission is now the toughest and one of the harsh enforcers in the world fighting anticompetitive behavior, reviews mergers and state aid thus encouraging liberalization. An effective, suitably implemented competition law and policy is an inevitable necessity for any country, as it for Bangladesh. Bangladesh as one of the developing countries, significantly suffering from anti-competitive practices as it detrimental to its market-based economy and consumer rights. The absence of competition policy had led the existence of monopoly, oligopoly in the internal market thus consumers and small enterprises are adversely affected. Initiatives were taken to develop a competition policy at the 1996 Ministerial Conferences in Singapore but abandoned after Doha Meeting. At Doha meeting in 2001, there were some dissent among WTO members to adopt competition policies for developing countries, as a result, Bangladesh gave its least attention for its competition policy. This paper examines the anti-competitive practices in Bangladesh, the overview of the competition policies and it also answers the question why still institutions and enforcement of these laws are ineffective. Furthermore, this article will also explore the type of anticompetitive practices in internal market and its harmful effect in Bangladesh.

Item Type: Article
Journal or Publication Title: Comparative Law Working Papers
Date: 2018
Volume: 2
Number: 3
ISSN: 2560-1911
Page Range: pp. 1-15
Related URLs:
Uncontrolled Keywords: Versenypolitika - Banglades
Additional Information: Bibliogr. a lábjegyzetekben ; összefoglalás angol nyelven
Date Deposited: 2020. Jan. 07. 13:28
Last Modified: 2021. Feb. 17. 12:09

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