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Distortion of Competition Not Tolerated Under Any Condition PDF Print

Printed in the Business Monday newspaper on September 6th, 2010

The Fair Competition Act CAP.326C, prohibits many specific anti-competitive practices including predatory pricing, price fixing and exclusive dealing. Section 13 (1) of the Act however speaks to the general distortion of competition and indicates that any and every practice that distorts competition is prohibited. The Section specifically states that:

Designing Tenders to Reduce the Risk of Bid-Rigging PDF Print

Printed in the Business Monday newspaper on June 28th, 2010

The Fair Trading Commission recently conducted a training workshop on Detecting, Mitigating and Fighting Bid Rigging in Public Procurement which brought together senior public sector officials from government departments and agencies.

The aim of the workshop was to sensitise all agencies involved on how to detect and prevent bid-rigging in the procurement process which occurs when businesses who submit tenders collude or collaborate to influence the tendering process.

Competitiveness the Catalyst of Innovation PDF Print

Printed in the Business Monday May 31st, 2010

“Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.” - Management guru Peter Drucker

International Agreements: Opportunities and Threats to Competition PDF Print

Printed in Business Monday newspaper on March 22nd, 2010 

Barbados is a signatory to several international agreements. These include multilateral agreements such as General Agreement on Tariffs and Trade (GATT 1947) and World Trade Organisation (WTO), free trade agreements like CARICOM, CARICOM-Costa Rica, and CARICOM-Dominican Republic, and an Economic Association Agreement in CARIFORUM-European Community Economic Partnership Agreement (EPA). We are also negotiating in pursuit of a CARICOM-Canada Trade and Development agreement.

Ensuring Competitive Procurement PDF Print

Printed in the Business Monday Newspaper on February 8th, 2010

Most businesses including government agencies and departments find it necessary to source a range of goods and services for the operation of their businesses. This process of sourcing goods and services is referred to as procurement.  

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