Bangladesh Competition Commission

Bangladesh Competition Commission (Bengali: বাংলাদেশ প্রতিযোগিতা কমিশন) is a Bangladesh government regulatory agency under the Ministry of Commerce responsible for encouraging competition in the market.[1][2] Md. Mofizul Islam is the Chairperson of Bangladesh Competition Commission.[3]

Bangladesh Competition Commission
Formation1972
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
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 The act repealed and replaced the Monopolies and Restrictive Trade Practices act of 1970. The purpose of the commission is to prevent the formation of monopoly and oligopolies in Bangladesh and prevent price fixing.[4] The commissioned is headed by a chairperson. It is responsible for implementing the objectives of the Competition Act.[5]

In November 2019, the commission announced plans to dismantle a syndicate controlling the price of onions in Bangladesh.[6] The Bangladesh Competition Commission has been described as dysfunctional.[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. "বাংলাদেশ প্রতিযোগিতা কমিশন". Bangladesh Competition commission. Retrieved 4 August 2020.
  4. "বাংলাদেশ প্রতিযোগিতা কমিশন". ccb.gov.bd. Retrieved 4 August 2020.
  5. "Competition Law in Bangladesh Analyzing the growth and future prospects - Law & Justice - observerbd.com". The Daily Observer. Retrieved 4 August 2020.
  6. "Competition Commission to break up onion syndicate". The Business Standard. 5 November 2019. Retrieved 4 August 2020.
  7. "Make competition commission functional: analysts". The Daily Star. 6 February 2018. Retrieved 4 August 2020.
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