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Round table speakers welcome competition policy and law

Round table speakers welcome competition policy and law. The event, organised by the Media Studies and Journalism (MSJ) Department took place at the university’s auditorium in Dhanmondi on 12 August 2010. The round table was attended by economists, lawyers, journalists, academics, high officials from the corporate sector, and the teachers and the students from the ULAB. The event started off with a presentation on competition law and policy by Advocate ABM Hamidul Mishbah who focused on the key features of the proposed Competition Act 2010 and stated that such a law would ensure country’s economic development, prevent, control or eliminate anti-competitive agreements, and abuse of dominant positions or market power. While speaking on the occasion, Dr. A.K. Enamul Haque, Professor of Economics, United International University, posed why in Bangladesh the prices of the commodities increase during Ramadan whereas seasonality hardly affects prices in many other countries. Tanim Ahmed, Assistant Editor, bdnews24.com, hoped that the competition policy and law would ensure a level playing field and fair competition in the market. He suggested that media reports on economic and business issues should be more reader-friendly devoid of jargons.   Competition law is very vital for Bangladesh, stated Alloisus Mohan Ramaiah, Head of Regulatory Affairs, Axiata (Bangladesh) Limited and added that the law would let the market evolve itself allowing new entrants to compete in the market. The speakers further added that due to the absence of appropriate legal instruments in Bangladesh, we routinely witness anti-competitive and unfair trade practices like cartels, hoarding, collusive pricing and reducing supply of basic commodities. Given this scenario, they welcomed the Bangladesh government’s initiative to adopt Competition Policy and Law towards increasing competition in the market and ensuring delivery of better quality goods and services at fair prices. It may be mentioned that Bangladesh is soon to join over 120 countries that had already enacted competition law in their respective countries. About ULAB: ULAB opened its doors in October 2004 after obtaining permission from the University Grants Commission.  The MSJ Department offers three study concentrations – Mass Communication, Journalism and Digital Production.  It has around 200 students at present. It plans to launch a study concentration on Business Journalism, Public Relations and Digital Film Making next year.