Ensuring that business has the ability to compete in an open marketplace, to provide high quality goods and services at low prices, remains a challenge and a development issue.
Global experience shows that lack of competition, particularly for basic goods and services, harms the poorest the most. This is because it results in higher prices, limited consumer choices, lower quality of goods and services, fewer new businesses, less jobs and lower economic growth.
Australia has been working with the Philippines on competition reforms well before the enactment of the Philippine Competition Act (PCA) in 2015, a game-changing policy reform in the Philippines. Australia’s assistance helped implement the Competition Act and build the capacity of the Philippine Competition Commission (PCC) .
In this time of pandemic, sound competition policy and implementation are even more necessary to ensure that the crisis and the subsequent economic recovery are addressed as fast and sustainable as possible.
Australia is committed to continue our partnerships with the Philippine Competition Commission, National Economic and Development Authority, the World Bank Group, donor community and other stakeholders to facilitate and strengthen the Philippine Government’s efforts to improve competition policy and its enforcement. We continue to support the Philippine government’s agenda in promoting the culture of competition.
A Message from Chairman Rodney Graham “Rod” Sims, Australian Competition and Consumer Commission
A Message from Chairman Arsenio Balisacan, Philippine Competition Commission
For more information on Australia and the Philippines’ partnership on competition reforms see:
