Bangladesh Competition Commission

Bangladesh Competition Commission (Bengali: বাংলাদেশ প্রতিযোগিতা কমিশন) is a Bangladesh government Judicial body responsible for encouraging competition in the market.[1][2] Mr. Md. Mofizul Islam, former Senior Secretary of Ministry of Commerce is the Chairperson of Bangladesh Competition Commission.[3][4]

Bangladesh Competition Commission
Formation17 December 2012
Headquarters37/3/A, Eskaton Garden Road, Ramna, Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Chairperson
Md. Mofizul Islam
WebsiteBangladesh Competition Commission

History

Bangladesh Competition Commission was established in 2012 through the passage of Competition Act in the Parliament of Bangladesh. The act repealed and replaced the Monopolies and Restrictive Trade Practices Ordinance, 1970. The purpose of the commission is to prevent, control and eradicate collusion, monopoly and oligopoly, combination or abuse of dominant position or activities adverse to the competition.[5] The commission consists of a Chairperson and not more than 4 (four) members. Among them at least 3 persons will make a quorum. It is responsible for compliance of the Competition Act, 2012.[6]

In November 2019, the commission announced plans to dismantle a cartel in onion market controlling the price of onions in Bangladesh.[7]

References
  1. "Competition Commission: The task ahead". The Financial Express. Retrieved 4 August 2020.
  2. "Make Competition Commission active to keep market stable:..." unb.com.bd. Retrieved 4 August 2020.
  3. {{https://www.banglatribune.com/business/news/577861/প্রতিযোগিতা-কমিশনে-নতুন-চেয়ারম্যান
  4. "বাংলাদেশ প্রতিযোগিতা কমিশন". Bangladesh Competition commission. Retrieved 4 August 2020.
  5. "বাংলাদেশ প্রতিযোগিতা কমিশন". ccb.gov.bd. Retrieved 4 August 2020.
  6. "Competition Law in Bangladesh Analyzing the growth and future prospects - Law & Justice - observerbd.com". The Daily Observer. Retrieved 4 August 2020.
  7. "Competition Commission to break up onion syndicate". The Business Standard. 5 November 2019. Retrieved 4 August 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.