Speakers at seminar on Saturday emphasized that the consumer will get the best product at a competitive price if ‘The Competition Act’ is implemented fully.
They said to maintain a fair competitive environment in business, the Bangladesh Competition Commission has strengthened the market monitoring system and is properly conducting the investigation of cases filed for anti-competitive activities.
The seminar was organized jointly by Bangladesh Competition Commission (BCC) and Economic Reporters Forum, held at the ERF Conference room.
Pradip Ranjan Chakraborty, Chairperson of the BCC attended the seminar as the chief guest with ERF President Refayet Ullah Mirdha in the chair.
While addressing BCC Chairperson said the commission is ensuring fair competition by preventing anti-competitive behavior such as monopolistic market arrangements or cartels, which is helping to drive the country toward sustainable economic growth through innovation and productivity growth.
The BCC Chairperson also said the commission's efforts in promoting fair competition, market efficiency, consumer protection, and strong institutions are contributing significantly to the development of Bangladesh.
“To maintain a fair competitive environment in business, the Commission has strengthened the market monitoring system and is properly conducting the investigation of cases filed for anti-competitive activities,” he pointed out.
Md. Hafizur Rahman, a member of BCC in a presentation, highlighted the implementation of ‘The Competition Act 2012’. The BCC filed 97 cases, of which 51 cases were disposed of through fines and punishment.
Besides, the commission issued 74 ‘Sue Moto cases observing abusing the Commission Act by different companies, he said.
He emphasized that the consumer will get the best product at a competitive price if ‘The Competition Act’ is implemented fully.
The BCC members Sowdagar Mustafizur Rahman and Salma Akhter Jahan, senior journalists Abdul Hannan, SM Jahangir, Salauddin Bablu also spoke in the programme.
ERF assistant general secretary Mizanur Rahman moderated the event.
