Text size :
The Competition Commission of Brunei Darussalam (CCBD) joined the leaders of competition authorities from around the world in a back-to-back competition events of the AANZFTA Commissioners' Retreat in Brisbane, Australia held on 2 to 4 July 2019 and the 18th Session of the Intergovernmental Experts on Competition Policy and Law in Geneva, Switzerland held on 10 to 12 July 2019.
The CCBD delegation to the events was led by the Chair of the Competition Commission of Brunei Darussalam, Yang Berhormat Nik Hafimi binti Abdul Haadii.
The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Commissioners' Retreat brought together competition commissioners and agency leaders from the 10 ASEAN Members States, Australia and New Zealand to discuss on competition law and policy developments in the region. Also present were Commissioner of the CCBD, Yang Mulia Pengiran Hajah Zety Sufina binti Pengiran Dato Paduka Haji Sani and a representative from the Executive Secretariat to the CCBD. More than 50 delegates exchanged views and shared best practices on how competition authorities implement and enforce their competition laws effectively to create a competitive marketplace. The Commissioners' Retreat was hosted by the Australian Competition and Consumer Commission (ACCC) and supported under the AANZFTA Competition Law Implementation Program (CLIP).
The 18th Session of the Intergovernmental Experts (IGE) on Competition Policy and Law (CPL), which took place for 3 days, discussed ways of improving worldwide cooperation on competition policy and law implementation. Topics covered include competition issues in the digital economy and health sector, as well as international cooperation in fighting against cross-border anti-competitive conducts. The 18th Session of the IGE on CPL was attended by more than 100 delegates from over 50 member countries of the United Nations Conference on Trade and Development (UNCTAD), intergovernmental organizations, non-governmental organizations, academia, and private sectors. The Session was organized by the UNCTAD Competition and Consumer Policies Branch.
The CCBD's attendance in international competition events signifies its commitment towards having a fair economic development and business sustainability in Brunei Darussalam through an effective implementation and enforcement of the Competition Order 2015.
The Competition Order 2015 has the objective of promoting market efficiency and consumer welfare in Brunei Darussalam's economic landscape through the prohibition of anti-competitive conducts including Anti-Competitive Agreements (ACAs), Abuse of Dominant Position and Anti-Competitive Mergers. The Order will be implemented in phases, with the prohibition on ACAs to be enforced by January 2020 as announced formally in early June 2019.
Businesses are advised to assess and review their business conducts that could potentially be in conflict with the Order and make necessary adjustments during this grace period that had begun on 1 June 2019, to ensure compliance with the Order prior to its enforcement on 1 January 2020.
More information about the Competition Order 2015 can be found at http://www.depd.gov.bn/cad/Home.aspx.