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10 Mac 2021 - CCBD commends RCED for the initiative to learn about Competition Order

​Parallel import is not an infringement of the Competition Order. The objective of the Competition Order is to encourage more players to enter the market, as competition among players encourages innovative business ideas and more choices of goods at more competitive pricing, which in turn benefits consumers. Import permits are regulated by respective sector regulators. Licensing requirements imposed by sector regulators are generally governing safety and standard regulations to ensure certain policies are adhered to in upholding public and national development interest. This was clarified by the Executive Secretariat of Competition Commission Brunei Darussalam (CCBD) during a dialogue session on the Competition Order initiated by the Royal Customs and Excise Department (RCED), Ministry of Finance and Economy.

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Created at 3/13/2021 9:41 AM by Dyg Hjh Rascinah Binti Seruji
Last modified at 3/13/2021 9:42 AM by Dyg Hjh Rascinah Binti Seruji