Contents1 - The Theoretical Framework2 - Adoption of Competition Laws in India and Pakistan3 - The Spread of Competition Laws across South Asia4 -
Yet, apart from India and Pakistan, the countries in this region have had little success enforcing these laws.
What is competition law in India?
Introduction to Competition Act, 2002 Competition Law for India was triggered by Articles 38 and 39 of the Constitution of India. These Articles are a part of the Directive Principles of State Policy.
What is Singapore's competition law?
By Ken Chia, Yi Lin Seng and Hazmi Hisyam (Baker McKenzie Singapore) Singapore has introduced a general competition law, largely similar to the United Kingdom model, which incorporates minor elements from Irish, Canadian and Indian competition laws. The Competition Act was passed by Parliament on 19 October 2004.
What is the difference between competition law and competition policy?
The term competition law refers to legislation, judicial decisions, and regulations specifically designed avoiding the concentration and abuse of market power. Competition policy is a broad term, covering all aspects of government actions that affect the conditions under which firms or the companies compete in a particular market.
Which countries are enforcing competition laws in South Asia?
Yet, apart from India and Pakistan, the countries in this region have had little success enforcing these laws. Competition Law in South Asia analyses the mechanisms and institutions through which Bangladesh, Bhutan, India, Pakistan, Maldives Nepal, Sri Lanka, and Afghanistan have engaged with modern competition legislation.
Competition law in south asia
The first phase of European colonisation of Southeast Asia took place throughout the 16th and 17th centuries. Where new European powers competing to gain monopoly over the spice trade as this trade was very valuable to the Europeans due to high demand for various spices such as pepper, cinnamon, nutmeg, and cloves. This demand led to the arrival of Portuguese, Spanish, Dutch, and later French and British marine spice traders. Fiercely competitive, the Europeans soon sought to eliminate each other by forcibly taking control of the production centres, trade hubs and vital strategic locations, beginning with the Portuguese acquisition of Malacca in 1511. Throughout the 17th and 18th centuries, conquests focused on ports along the maritime routes, that provided a secure passage of maritime trade. It also allowed foreign rulers to levy taxes and control prices of the highly desired Southeast Asian commodities. By the 19th century, all of Southeast Asia had been forced into the various spheres of influence of European global players except Siam, which had served as a convenient buffer state and sandwiched between British Burma and French Indochina. The kings of Siam had to contend with repeated humiliations, accept unequal treaties among massive French and British political interference and territorial losses after the Franco-Siamese War in 1893 and the Anglo-Siamese Treaty of 1909.
