June 20, 2024

The National Economic Development Authority Cordillera welcomed participants during the Multisectoral Forum on the Philippine Competition Act and National Competition Policy on 28 April 28 in Baguio City.

NEDA Assistant Regional Director Stephanie F. 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 national competition policy contributes to the achievement of an inclusive growth, high-trust and resilient society, and a globally competitive knowledge economy.

Christiansen said market competition protects business owners from unfair and predatory business practices citing the Philippine Competition Act which safeguards the well-being of business owners and consumers and preserving the efficiency of competition in the marketplace.

Representatives from line agencies, local government units, academe and private sector participated in the forum organized by the Philippine Competition Commission (PCC).

Republic Act 10667 or the Philippine Competition Act is the country’s primary law in promoting fair market competition. 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. – Press release