Why the Need for Competition Legislation?
AbstractComments on the Fair Competition Act (FCA) and discusses: foundations of the Fair Competition Act; Legal Foundations of Jamaica's Competition Law; The FCA and the Fair Trading Commission (FTC); the public's response to the FCA; General achievements of the FTC.
Concludes by stating that the FTC has been in existence for six (6) years and as far as competition agencies go, this is an embryonic state. However the pace of economic development form the liberlization of the 1980's to the globlization of the 1990's, does not allow the Commission the luxury of gestation. Further,Â their place as the only competition agency in the commonwealth Caribbean givesÂ them a greater responsibility to ensure that proper competition policy is developed both nationally and regionally.