Promoting Fair Competition
20. The Government is
determined to promote the principle of fair competition.
We have been working to increase the transparency
of our existing regulatory regime to ensure it is fair
and to enhance
Within the community, views differ on the
introduction of competition law.
The Government's stance is that we will
legislate where circumstances so warrant.
We should, however, take into account the needs
and circumstances of individual sectors in deciding
whether legislation or other means should be used to
achieve fair competition.
In view of recent public concerns over the local
auto-fuel market, we have commissioned an independent
and comprehensive study on the competitive situation in
this market. In
addition, the Competition Policy Advisory Group will
appoint an independent committee to review existing
competition policy and the Group's composition, terms
of reference and operations.