PM: Competitive environment needed
27 March, 2018, 12:00 am
Prime Minister Voreqe Bainimarama says a competitive environment is needed for growth and development in any economy.
Mr Bainimarama made the comments while launching the Fiji Competition and Consumer Commission’s (FCCC) new strategic plan and rebranding at the Grand Pacific Hotel last night.
“When different producers or vendors are forced to compete, it creates better outcome for everyone — higher quality goods, increased efficiencies, a wider selection to choose from, and lower prices, but effective and fair competition is not automatic,” Mr Bainimarama said.
He said Government had put in place robust competition laws and policies and had actively partnered with strong institutions like the FCCC to ensure that these rules were enforced.
“The commission also safeguards consumers’ interests against unfair business practices.
“Through this collaboration between Government and the FCCC, we are improving Fiji’s productivity, promoting innovation, and ensuring fair prices,” he said.
Mr Bainimarama said the commission was tasked to ensure consumers’ interests were protected as the economy grew.
“And I am pleased to see that they are taking this task to heart.”
The event was attended by FCCC board members and staff, members of the Diplomatic Corps, government representatives, stakeholders and members of the media.