The Fair Competition Act of 2014Sponsorship Speech of Senator Paolo Benigno Aquino IV

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99%

66%

of all businesses

of all jobs

micro, small, and medium enterprisesPhoto: Kenneth Gaerlan

Photo: Andrew Hux

A fair competition policylevels the playing field

encourages innovation

drives down prices

gives wider range of products

improves production efficiencies

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Photo: Pakistan Today Website

“With fair competition, everyone wins.”

Photo: Benson Kua

The Competition Commissionpromotes & enhances economic efficiency & competition

ensures that industrial concentration would not limit economic power to a few

prohibits anti-competitive agreements & abuses of dominant position

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OECD GLOBAL FORUM ON INTERNATIONAL INVESTMENT

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Competition Regime

Competition LawCompetition PolicyEliminate barriers to entry & exit of new business entities

Curb anti-competitive practices

Increased competition in the market

Greater investment

Higher Quality at Lower Prices

1890 1906

1947 1948Photo: John Tewell

Photo: Pakistan Today Website

19992005

20122004

The Fair Competition Act of 2014

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Photo: IG Brazil

Photo: Anders, Wikipedia

Photo: AppleTube via Interaksyon

Photo: Gerry Ruiz

Photo: Soltys0, Wikipedia Photo: Mahesh Makvana

1997 2014

The Fair Competition Act of 2014

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1980sPhoto: Storm Crypt, Flickr

Photo: Google Maps

Photo: Mike Gonzalez, Wikipedia

Photo: RM Bulseco

“With fair competition, everyone wins.”

Photo: Benson Kua

Photo: Benson Kua

safeguards the welfare of businesses

promotes healthy competition

inspires ingenuity & innovation

The Fair Competition Act of 2014

“Pinapanday na natin ang sistema kung saan talagang patas ang laban; kung saan ang sumusunod sa patakaran ay nakakarating sa nais niyang paroonan; kung saan may tunay n a k u m p e t i s y o n g n a g b u b u k a l n g pagkakataon at malawakang kaunlaran; kung saan ang lahat ay may kakayahang panghawakan ang sariling kapalaran.”

The Fair Competition Act of 2014Sponsorship Speech of Senator Paolo Benigno Aquino IV

Photo: Benson Kua