Published January 8, 2021, 6:00 AM
The National Competition Policy (NCP), which has been adopted by the National Economic Development Authority (NEDA), is just awaiting approval by Malacanang for its implementation via an administrative order.
The Philippine Competition Commission (PCC) reported the pending Malacanang approval of the NCP, which Joint Memorandum Circular (JMC) was signed with NEDA in July last year. Once approved by President Duterte, the NCP will be implemented across all government agencies and instrumentalities and is expected to red flag anti-competition practices in the country.
The JMC enjoins government agencies to craft pro-competitive policies and interventions; promote competitive neutrality and review possible anti-competitive measures within the bureaucracy; strengthen the Governance Commission for GOCCs (GCG); and implement the competition law.