The government has said it is committed to take all recommendations and collaborate with partners on the proposed voluntary peer review of the competition law and policy, and enforcement.
This was said yesterday in Dar es Salaam by the Industry and Trade minister Dr Abdallah Kigoda, when opening a workshop on voluntary peer review of competition law and policy for Tanzania which was organised by the Fair Competition Commission (FCC), in collaboration with the United Nations Conference on Trade and Development (Unctad).
The one-day workshop is aimed at disseminating results of voluntary peer review of the competition law and policy.
Dr Kigoda said formulation of economic regulatory policy and law was a significant step for Tanzania in terms of governance and appropriate institutions for the development of the economy.
Tanzania is one of few countries in Africa with such a progressive system and is the forefront to show that competition can work for the poor by affording many of benefits, he said.
“That is why we value so much the review and I request all stakeholders to give their contributions to the report so as to add more value to this invaluable work done by our colleagues,” he added.
The government is dedicated to make a keen follow up on the implementation of the findings and recommendations, he said.
“I should say that this area is still new on our part and therefore where collaboration from development partners is necessary, let them find ways of joining hands to reinforce the effectiveness of competition law enforcement in our country,” he added.
He said the government therefore is seeking to ensure that we attain a permanent competitive market economy based on competition principles as well as focusing on internationally accepted consumer protection regimes.
Speaking at the workshop, UNCTAD head of Competition and Consumer Policies branch Dr Hassan Qaqaya, said this is the last after those held in Zambia and Zimbabwe.
The tripartite peer review is the first of its kind whereby each of the three countries Tanzania, Zimbabwe and Zambia have reviewed the implementation of competition laws and policies in either of the other two countries, he said. The reviews resulted in a number of recommendations proposed to national competition agencies in respective countries.
UNCTAD however has been running various training programmes to build the capacity of Tanzanian officials involved in competition investigation so as to enable them deal with abuses of the law.
For his part, the FCC chairman, Nikubuka Shimwela hailing the report saied Tanzania is ready to collaborate with other countries in implementing it.
“We are members of various economic blocks such as Southern Africa Development Community (SADC) and East African Community (EAC), we are ready to share our experiences for the betterment of our people,” he said.
Competition authorities implement competition laws and policies which exercise over-sight on market economy in order to ensure that businesses do not operate in a manner that would weaken or distort the practice through prohibited trade practices.