Competition

CTC Functions

Our CTC Functions

CTC Functions01

To encourage and promote competition in all sectors of the economy

CTC Functions02

To reduce barriers to entry into any sector of the economy or to any form of economic activity

CTC Functions03

To investigate, discourage and prevent restrictive practices.

CTC Functions04

To study trends towards increased economic concentration, with a view to the investigation of monopoly situations and the prevention of such situations, where they are contrary to the public interest;

CTC Functions05

To advise the Minister of Industry and Commerce in regard to all aspects of economic competition, including entrepreneurial activities carried on by institutions directly or indirectly controlled by the State, and the formulation, co-ordination, implementation and administration of Government policy in regard to economic competition

CTC Functions06

To provide information to interested persons on current policy with regard to restrictive practices, acquisitions and monopoly situations, to serve as guidelines for the benefit of those persons

CTC Functions07

To undertake investigations and make reports to the Minister of Industry, Commerce and Enterprise Development relating to tariff charges, unfair trade practices and the provision of assistance or protection to local industry

CTC Functions08

To monitor prices, costs and profits in any industry or business that the Minister of Industry, Commerce and Enterprise Development directs the Commission to monitor, and to report its findings to the Minister

About UsBackground

The Competition and Tariff Commission (Commission) is a statutory body established under the Competition Act [Chapter 14:28]. The present Commission is a product of the merger in 2001 of the former Industry and Trade Competition Commission (ITCC) and Tariff Commission (TC)

The ITCC had been established under the Competition Act, 1996 (No.7 of 1996) as a competition regulatory authority, while the TC had been established under the Tariff Commission Act [ Chapter 14:29] as a trade tariffs advisory authority.

Below are CTC Core Values: