Watch Out For Collective Abuse
The Financial
Express, May 31, 2011
By Pradeep S Mehta
The basic
parameters for healthy competition in the market require
large number of players and large number of buyers to
promote the necessary rivalry. Alas, rivals also know how to
defeat the purpose by colluding through an implicit or an
explicit cartel or by abusing their dominance singly or
jointly. Tackling the abuse of dominance needs clear
guidelines, so as to capture the conduct of the whole sector
that may be prevailing in the market place.
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Get Plan B Working for Doha
Economic Times, May
30, 2011
By Pradeep S Mehta
Osama bin
Laden's death is an opportunity to close the Doha deal,
argued the hugely optimistic Jagdish Bhagwati in the
Financial Times. In fact, the Doha Round was launched soon
after the 9/11 tragedy to send a message to the world, that
we are together and will not be fazed by the horrendous
attack on the symbolic World Trade Center in New York about
10 years ago. "By a strange irony, Bin Laden's assassination
nearly 10 years later presents an opportunity to close the
Round, again in affirmation of the same values...".
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Aspirations still trail behind grievances
Financial Times, May
19, 2011
By Pradeep S Mehta
Until the
advent of the British Raj, India had a healthy trade surplus
with the rest of the world. Its trade openness was
commensurate with its share in global trade. Today, India is
witnessing a revival of this phenomenon, as shown by the
huge growth from a less than one percent share of
international trade in the early 1990s to more than three
percent.
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Intimations of Insecurity
Financial Express, May 10, 2011
By Pradeep S Mehta
In the
latest soap opera of cartel busting, both Procter & Gamble
and Unilever were fined US$457.3mn by the European
Commission in April 2011. The case was settled after another
conspirator, Henkel, spilled the beans and claimed leniency.
In such cases, it is the leniency provision that enables the
competition authority to nail the perpetrators with little
effort. Alas, despite having such a provision in our
competition law, the Competition Commission of India, in
force since 2009, has not yet been able to bust a single
cartel.
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Competition enforcement
weak
Business
Daily, May 03, 2011
By Rijit
Sengupta
Unprecedented
interest and zeal on competition law issues has been noted
in African countries over the last decade or so. A number of
countries have adopted laws and some have also established a
competition enforcement agency. However, when it comes to
competition enforcement, most African countries still have a
long way to go.
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