Law Summary
Designation of the Department of Justice as Competition Authority
- Executive Order No. 45 (s. 2011) designates the Department of Justice (DOJ) as the official Competition Authority.
- Under the DOJ, the Office for Competition was created to implement the duties and responsibilities related to competition policy and law.
Observations on Competitive Markets and Anti-Competitive Practices
- The Office for Competition identifies benefits of competitive markets such as improved consumer welfare and economic efficiency.
- Harmful effects of anti-competitive practices include consumer harm and economic distortions.
- The Office relates these observations to practices in the ASEAN region and internationally.
Alignment with Global Competition Policy Initiatives
- The Philippines aligns with global competition networks in adopting competition policy and law.
- It adopts the observance of World Competition Day as part of this global community.
Declaration of National Competition Day
- Proclamation No. 384 formally declares December 5 of every year as National Competition Day.
- The President exercises his authority under law to establish this annual observance.
Responsibilities of the DOJ Office for Competition Regarding the Observance
- The DOJ-Office for Competition is tasked to plan and implement suitable activities and ceremonies celebrating National Competition Day.
- This ensures public awareness and continuous promotion of competition policy principles.
Formal Ratification and Implementation
- The proclamation is signed and sealed by the President, making it officially binding.
- The effective implementation date is anchored on the date of signing, May 18, 2012, with observance commencing December 5, 2012, and annually thereafter.