The Minister was speaking at a seminar
on the issue at a hotel in Dhaka.
Unnayan Shamannay and CUTS International,
two NGOs, jointly organised the seminar on ‘Need for capacity building on
competition policy & law in Bangladesh’ in cooperation with a number of
law will be named as ‘Bangladesh Competition Act’, while the commission as
‘Bangladesh Competition Commission’.
As per the
proposed law if any person or business firm is found involved in any
syndication that restricts fair competition, the commission will have the legal
authority to take punitive actions against the person or the firm.