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Developments in Competition Policy and Law in Brunei Darussalam: Current Status and Challenges

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6 diapositives · 207 Views · Aug 06, 2014

This report examines the progress of competition policy and law in Brunei Darussalam within the ASEAN framework. With a population of approximately 414,400 and a GDP of BND 11.8 billion mainly driven by the oil and gas sector, Brunei's economic landscape is characterized by a significant number of small and medium enterprises (SMEs). Currently, Brunei lacks a comprehensive national competition law and an overarching regulatory body, though a national competition law is under consideration. This document outlines the challenges of developing a competition culture, regulatory burdens, and the critical need for capacity building and regional cooperation.

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  1. Developments of Competition Policy and Law in ASEAN - BRUNEI DARUSSALAM -

  2. About BRUNEI DARUSSALAM • Population: 414,400 (2010) • GDP: BND 11.8 billion (2010) • Major sector is oil and gas industry. • Economic diversification since early 1970 • Approx. 98% businesses in Brunei are small and medium enterprises (SMEs) • Trade liberalisation, opening markets to attract investment and FDI

  3. Current Status • Sectoral approach for competition policy • Array of statutes which regulate trading and business activities as well as to protect consumer interests, for example: • Authority of Info-Communication Technology Industry (AITI) Order: Telecommunications Sector • AutoritiMonetari Brunei Darussalam (AMBD): Banking and Finance Sectors • Energy Division, Prime Minister’s Office: Oil and Gas Sectors • Price Control Act, Consumer Protection Order (on the way) • No comprehensive, nation-wide competition law • No over-arching body for national competition and anti-competition matters • National competition law is currently being considered

  4. Challenges • Competition culture not fully developed • Size of economy and market capacity • Lack of human resources and competencies • Risk of regulatory burden to businesses • Interface with other government policies • E.g. industrial policies, local business development

  5. Regional/International Development • ASEAN Experts Group on Competition (AEGC) • Capacity Building Activities • Regional Guidelines on Competition Policy and Law • Workgroups on Core Competencies for Competition Policy and Law, Competition Assessment etc • Information sharing • Trans-Pacific Partnership Agreement (under negotiation) • Other avenues (APEC, United Nations etc)

  6. THANK YOU