Immunity from prosecution can be given to businesses involved in a cartel in exchange for full disclosure and cooperation, according to the Executive Secretariat of Competition Commission Brunei Darussalam.
The secretariat recently briefed some 100 officials from the Royal Customs and Excise Department (RECED), Ministry of Finance and Economy on the anti-competitive agreements prohibition that came into force on January last year under the Competition Order. The prohibition covered agreements between two or more businesses to fix price; share markets; limit supply; and collude on tenders. These agreements between businesses were also known as cartels.
The secretariat explained that there were different tools for detecting cartels. One of the most common tools utilised by competition agencies is the Leniency Programme which could offer immunity in exchange for the businesses cooperation.
The secretariat also said that fair competition encouraged more businesses to enter the market; and increases the variety of goods and services offered by at competitive prices.
The session concluded with a handover of a set of competition advocacy materials including posters and leaflets by Acting Director of Competition and Consumer Affairs Department at the Department of Economic Planning and Statistics Heidi Farah Sia binti Abdul Rahman to Deputy Controller of Customs Mohammad Mu’inuddin Chin bin Abdur Rahman.