BAGUIO CITY – NEDA Cordillera Assistant Regional Director Stephanie F. Christiansen welcomed the participants during the Multisectoral Forum on the Philippine Competition Act and National Competition Policy held on 28 April 2022 in Baguio City.
In her remarks, ARD Christiansen emphasized the relevance of integrating national competition policy in the Philippine Development Plan and the Cordillera Regional Development Plan to promote and sustain healthy market competition. She said that national competition policy contributes to the achievement of an inclusive growth, high-trust and resilient society, and a globally competitive knowledge economy.
On the role of the competition law, ARD Christiansen stressed that market competition protects business owners from unfair and predatory business practices. She also pointed on the Philippine Competition Act safeguarding the well-being of business owners and consumers and preserving the efficiency of competition in the marketplace.
Representatives from the line agencies, local government units, academe and private sector participated in the forum organized by the Philippine Competition Commission.
Republic Act 10667 or the Philippine Competition Act, passed in July 2015, is the primary law of the Philippines for promoting fair market competition. As provided for by RA 10667, the NEDA and PCC released Joint Memorandum Circular 01-2020 or the National Competition Policy of the Philippines in July 2020 for all government agencies to adopt and comply with pro-competitiveness policies and government interventions, competitive neutrality, and enforcement of competition-related laws and issuances.
NEDA Cordillera also supported the conduct of the first Regional Roadshow on Competition Law and Policy in the Cordillera Administrative Region hosted by the PCC in July 2021.