1 Roles of Competition Law/ Policy Fair Trade Commission, Chinese Taipei www.ftc.gov.tw Presented to the 5th East Asia Conference on Competition Law and.

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Presentation transcript:

1 Roles of Competition Law/ Policy Fair Trade Commission, Chinese Taipei Presented to the 5th East Asia Conference on Competition Law and Policy at Sunjin Grand Hotel, Ulaanbaatar, Mongolia June 29, 2009

2 I. Outline Introduction Recent Development of Competition Law and Policy Amendment Proposals International Cooperation Advocacy Enforcement Conclusion

3 I. Introduction Countries most affected by the Asian Crisis, 1997 Lehman Brothers Times Square, 2008 What lessons did competition regulatory agencies learn so as to contribute to prosperity?

4 I. Introduction The Commission once put priority on prohibiting unfair trade practices Recently, focused on anti-competitive practices, it- Detected 9 cartels and imposed NT$14 million (US$420 thousand) administrative fines in 2008 Received 209 M&A filings for 3 recent years, objecting against 3 applications

5 II. Competition Law and Policy- Amendment Proposals International Cooperation Advocacy Enforcement

6 Amendment proposals II. Competition Law and Policy- Amendment proposals Drafting amendments to the Fair Trade Law Smooth and effective enforcement To deter future violations

7 II. Competition Law and Policy- Amendment Proposals Total of 14 changes from current law The applicable scope of the Law Punishments provided in the Law Tools of investigation Ensuring the independence of the Commission’s decisions Changing the rules related to information disclosure

8 II. Competition Law and Policy- International Cooperation Enhancing our capacity Implementing coordinated cartel investigations Continuing to build upon its strong partnerships within the international competition community To perform better in investigations To improve the output of our enforcement efforts To provide effective technical assistance To foster friendship with other competition agencies

9 II. Competition Law and Policy- Advocacy Consulting Services Taskforce of OECD Competition Assessment Toolkit To help the business community in general to understand the competition law To apply useful methods to process market reforms

10 II. Competition Law and Policy- Enforcement- Trade Associations engaging in illegal concerted Actions Sandstone associations 10.2% Professional- related trade associations 12.2% Farm and dairy-related trade associations 14.3% Liquefied fuel gas associations 20.4% Others 42.9%

11 II. Competition Law and Policy- Enforcement- Consulting with sector regulators before taking any formal action against trade associations Advising government agencies to amend the relevant laws and required that the relevant trade associations delete all provisions for setting fee standards

12 IV. Conclusion Laws are applied during times of prosperity that would otherwise be important during times of economic hardship

13 Thank you