Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading content…
Transcript

refers to the framework of rules and regulations designed to foster the competitive environment in a national economy. It consists of measures intended to promote a more competitive environment as well as enactments designed to prevent a reduction in competition.

What is Competition

Law?

broadly refers to all laws, government policies and regulations aimed at establishing competition and maintaining the same. It includes measures intended to promote, advance and ensure competitive market conditions by the removal of control, as well as to redress anti-competitive results of public and private restrictive practices.

What is Competition

Policy?

Productive efficiency – Firms use the least cost production techniques to produce maximum possible goods and services from given inputs

Allocative efficiency – Resources are channeled to those sectors where they are best utilized in order to produce goods and services that are valued most highly by consumers

Dynamic efficiency – Firms strive to maintain their competitiveness by investing in Research and Development, innovation, marketing and management to keep abreast of the changes in technology, preferences and products.

To promote economic efficiency, which comprises three (3) components

Goals of Competition

Policy

To promote competitiveness in both and domestic and foreign market

To correct market failure

To achieve higher economic growth

To enhance consumer welfare

Unfair

Competition

Act

otherwise known as An Act to Prohibit Monopolies and Combinations

in Restraint of Trade.Recovery of treble damages for civil liability arising from anti-competitive behavior .

provides for the protection of patents, trademarks, and copyrights.

Intellectual Property Code of the Philippines (R.A. 8293)

The State shall regulate or prohibit monopolies when the public interest so requires. No combinations in restraint of trade or unfair competition shall be allowed.

The 1987 Philippine Constitution Article XII, Section 19 of the Constitution

defines and penalizes monopolies and combinations in restraint of trade and provides penalties such as imprisonment (prision mayor) of six years and one day to twelve years or fine ranging from Two Hundred Pesos (P200.00) to Six Thousand Pesos (P6,000.00) or both

Article 186 of the Revised Penal Code (R.A. 3815)

Survey of Existing

Laws

provides for consumer product quality and

safety standards

Consumer Act of the Philippines (R.A. 7394)

  • Tariff Commission
  • Bureau of Import Services
  • Bureau of Trade Regulation and Consumer Protection
  • Securities and Exchange Commission (SEC)
  • DTI and its attached agencies including the Bureau of Food and Drugs, Intellectual Property Office, and the Bureau of Product Standards
  • Philippine Economic Zone Authority
  • Bangko Sentral ng Pilipinas
  • Insurance Commission
  • National Food Authority
  • Sugar Regulatory Administration
  • Philippine Coconut Authority
  • Garments and Textile Export Board
  • Board of Investments
  • National Telecommunications Commissions
  • • Land Transportation Franchising and Regulatory Board
  • Civil Aeronautics Board
  • Maritime Industry Authority
  • Philippine Ports Authority
  • Department of Energy, Energy Regulatory Board, and the National Power Corporation
  • Tariff Commission
  • Bureau of Import Services
  • Bureau of Trade Regulation and Consumer
  • Protection
  • Securities and Exchange Commission (SEC)
  • DTI and its attached agencies including the Bureau of Food and Drugs, Intellectual Property Office, and the Bureau of Product Standards
  • Economic Zone Authority
  • Bangko Sentral ng Pilipinas
  • National Food Authority
  • Sugar Regulatory Administration
  • Philippine Coconut Authority
  • Garments and Textile Export Board
  • Board of Investments
  • National Telecommunications Commission
  • Land Transportation Franchising and Regulatory Board
  • Civil Aeronautics Board
  • Ports Authority
  • Department of Energy, Energy Regulatory Board, and the National Power Corporation

which came into effect in August 1950, also allows the collection of damages arising from unfair competition in agricultural, commercial, or industrial

enterprises

Civil Code of the Philippines (R.A.386)

Enforcement and regulation or monitoring of unfair trade practices and anti-competitive behavior are vested in numerous agencies.

defines and identifies

illegal acts of price manipulation (such as hoarding,profiteering and cartels)

Price Act (R.A. 7581)

The Act proscribes the manipulation of security prices and insider trading. The corporation and securities laws are particularly relevant for evaluating vertical or horizontal cartels or arrangements.

Securities Regulation Code (R.A. 8799)

Enforcement Agencies

provides for the rules regarding mergers and consolidations, and the acquisition of all or substantially all the assets or shares of stock of corporations.

Corporation Code of the Philippines (Batas Pambansa Blg. 68)

Republic Act No. 165

Learn more about creating dynamic, engaging presentations with Prezi