27 September 2016, Ramallah, Palestine, National awareness raising seminar on competition law and policy
Competition Law and Policy Awareness Workshop in Palestine
With the advent of trade liberalisation and globalisation, competition policy, and competition law (also called antitrust law), enforced by a national competition authority has become increasingly important. The same is true when countries decide to adhere to regional trade agreements (RTAs) and regional integration schemes. For these reasons a growing number of countries,
including emerging economies and countries in transition have adopted competition laws in recent years. At the present time ICN,
the International Competition Network, counts more than 150 countries enforcing competition law.
Basically, the aim of competition law is to ensure that monopolies and cartels are not able to replace official trade barriers such as tariffs and quotas by private barriers to trade. Competition law aims at eliminating anti-competitive practices such as cartel agreements at national, regional or international levels, and strives to control abuses of dominant market power by dominant firms
and monopolies. Moreover, competition law usually control concentrations of market power such as mergers and acquisitions (M&As) which might create dominant firms or monopolies.
Competition policy and law also has important benefical effects on consumers and on tax payers, since it allows private buyers and Government procurement agencies to get the best competitive offers available on the markets. Last but not least, competition enhances economic efficiency throughout the economy and promotes innovation and technical progress.
Palestine have prepared draft competition legislation aimed at placing the country at par with international standards in this field.
However this draft law has still not been adopted. This one day workshop will draw awareness of participants in this field, by reviewing the importance of having competition law and policy in the context of globalisation and deregulation; and reviewing in depth the existing draft competition law in the light of best practices in other countries of the world, and more specifically of the MENA Project region.