Transcript Developments of Competition Policy and Law in ASEAN

Developments of Competition
Policy and Law in ASEAN
- BRUNEI DARUSSALAM -
About BRUNEI DARUSSALAM
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Population: 414,400 (2010)
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GDP: BND 11.8 billion (2010)
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Major sector is oil and gas industry.
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Economic diversification since early 1970
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Approx. 98% businesses in Brunei
are small and medium enterprises
(SMEs)
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Trade liberalisation, opening
markets to attract investment and
FDI
Current Status
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Sectoral approach for competition policy
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Array of statutes which regulate trading and business activities as well as to
protect consumer interests, for example:
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Authority of Info-Communication Technology Industry (AITI) Order:
Telecommunications Sector
Autoriti Monetari Brunei Darussalam (AMBD): Banking and Finance Sectors
Energy Division, Prime Minister’s Office: Oil and Gas Sectors
Price Control Act, Consumer Protection Order (on the way)
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No comprehensive, nation-wide competition law
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No over-arching body for national competition and anticompetition matters
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National competition law is currently being considered
Challenges
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Competition culture not fully developed
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Size of economy and market capacity
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Lack of human resources and competencies
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Risk of regulatory burden to businesses
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Interface with other government policies
 E.g. industrial policies, local business development
Regional/International Development
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ASEAN Experts Group on Competition (AEGC)
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Capacity Building Activities
Regional Guidelines on Competition Policy and Law
Workgroups on Core Competencies for Competition Policy and Law,
Competition Assessment etc
Information sharing
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Trans-Pacific Partnership Agreement (under negotiation)
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Other avenues (APEC, United Nations etc)
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