GIS - September 25, 2012: In this era of globalisation, cooperation between States is of paramount importance, as the conduct of one enterprise in a neighbouring country can affect the way business is conducted in another, said the Attorney General, Mr Y. Varma yesterday at the opening of a two-day Workshop on Milestone Judgements in Competition Law at Hotel Le Meridien.
The workshop is an initiative of the Small States Network for Economic Development, in collaboration with the Government of Mauritius and the Competition Commission of Mauritius (CCM). The objective is to offer high-level training on competition issues to judges, officials from Competition authorities and high ranking officials dealing with trade and commerce operating in the African and Indian Ocean Small States.
In his address Mr Varma underlined the importance of capacity building for the Competition authorities in the African and Indian Ocean regions, which are relatively new institutions, so as to enable to thrive and work effectively. He recalled that competition leads to lower prices, better choice and innovation adding that Competition authorities therefore ensure that innovation and creativity are rewarded whilst anti-competitive behaviour is penalised.
The CCM has up to now opened 21 investigations and 93 enquiries, which according to Mr Varma is a very commendable achievement for such a new institution. It is called upon to perform an important task of keeping the business environment competitive by creating an environment conducive for competition. It does so by stopping restrictive business practices such as collusion and abuse of monopoly situations and maintain, as far as possible, a level playing field. The CCM has on numerous occasions advised Government on various matters of national interest, the Attorney General said.
Mauritius has since 2005 embarked on an ambitious reform programme with the ultimate objective of making our economy globally competitive. One of the decisions taken was the enactment of the Competition Act thereby setting up the CCM. The Commission which has been operational for almost three years now has been instrumental in making the provisions of the Competition Act 2007 to have by and large been embraced, both in terms of investigations and awareness.