Developments of Competition
Policy and Law in ASEAN
- BRUNEI DARUSSALAM -
About BRUNEI DARUSSALAM

Population: 414,400 (2010)

GDP: BND 11.8 billion (2010)

Major sector is oil and gas industry.
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Economic diversification since early 1970

Approx. 98% businesses in Brunei
are small and medium enterprises
(SMEs)

Trade liberalisation, opening
markets to attract investment and
FDI
Current Status

Sectoral approach for competition policy

Array of statutes which regulate trading and business activities as well as to
protect consumer interests, for example:
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Authority of Info-Communication Technology Industry (AITI) Order:
Telecommunications Sector
Autoriti Monetari Brunei Darussalam (AMBD): Banking and Finance Sectors
Energy Division, Prime Minister’s Office: Oil and Gas Sectors
Price Control Act, Consumer Protection Order (on the way)

No comprehensive, nation-wide competition law

No over-arching body for national competition and anticompetition matters

National competition law is currently being considered
Challenges

Competition culture not fully developed

Size of economy and market capacity

Lack of human resources and competencies

Risk of regulatory burden to businesses

Interface with other government policies
 E.g. industrial policies, local business development
Regional/International Development

ASEAN Experts Group on Competition (AEGC)
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Capacity Building Activities
Regional Guidelines on Competition Policy and Law
Workgroups on Core Competencies for Competition Policy and Law,
Competition Assessment etc
Information sharing

Trans-Pacific Partnership Agreement (under negotiation)

Other avenues (APEC, United Nations etc)
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Developments of Competition Policy and Law in ASEAN