Published Date: Dec 6, 2012
SDPI ORGANISES THIRD ‘WORLD COMPETITION DAY’
Observing the third ‘World Competition Day’, the speakers at a seminar demanded strict measures to protect consumers from cartels. They also demanded independence of regulators, effective enforcement and monitoring mechanism, awareness raising and healthy business practices. The speakers were discussing at a seminar on ‘Adverse Impact of Cartels on the Poor’ organised by Sustainable Development Policy Institute (SDPI) to contribute to international efforts to celebrate December 5 as ‘World Competition Day’. The culture of competition is quite weak in many countries and consumers have limited understanding about the harmful effects of cartels. Thus, the World Competition Day allows a scope for greater discussions and dissemination of the beneficial effects of competition on the average consumer – either directly or indirectly. In effect, it is expected to result in greater public understanding and support on the need to crack down cartels. Chairing the proceedings, SDPI Economic Growth Unit Head Dr Vaqar Ahmed maintained that consumer as a constituent has always been ignored in public policy discourse and economic growth agenda in Pakistan. He appreciated the revised ‘Competition Act 2010’, calling it a big achievement, but at the same time raised concern that markets in Pakistan are not still open and performing in a responsible manner.