By Bernie Cahiles-Magkilat
The Philippine Competition Commission (PCC) underscored the balancing of competition policy, legislation, and regulation at the 2020 Manila Forum on Competition in Developing Countries through the adoption of a National Competition Policy.
With the theme “Towards Dynamic Competition Policy, Regulation, and Legislation,” the 2020 Manila Forum will explore the interplay between competition policy, legislation and regulation in the context of developing economies and rapidly evolving local and international market conditions.
“The first four years of PCC’s operations has given us a broader picture of how the competition agenda interacts with pre-existing institutions and policies. Given our learnings in the first few years, it is high time to address the interface of the regulatory conditions with the evolving competition landscape,” said PCC Chairman Arsenio M. Balisacan.
An independent study by the World Bank entitled “Fostering Competition in the Philippines: The Challenge of Restrictive Regulations” in 2018 highlighted how the regulatory environment limits competition in key sectors of the economy. PCC’s own sectoral studies and market research also reveal existing regulatory restraints impact competition in various industries.
Pursuant to its mandate to advocate for pro-competitive government policies, PCC continues to ramp up partnerships with sector regulators and Congress. The competition authority also established a legislative liaison office to imbue laws-in-the-making with competition lens, and has embarked on projects with development partners to undertake a competition assessment of sector regulations.
These efforts dovetail into PCC’s push to issue a National Competition Policy.