Chairperson, with regard to competition, the MF has no objection to bringing the management of companies under this one Bill. It is important that in all forums and forms of governance clarity exists and does not leave room for loopholes and contradictions.
While it is perfectly fine having agreements made between the Competition Commission and the industry under question, it is also important to maintain legislation to oversee the effective and efficient running of things. Over and beyond that, a system of transparency requires us to constantly be answerable for our actions.
Further, this Bill is important in enhancing competition in economy. But how can we effectively instrument competition in any economy that is so uneven, imbalanced and haunted by poverty?
Furthermore, how do we ensure that this is an opportunity that may be utilised in fixing our imbalances, such as gender inequalities, and so forth? The MF supports the Competition Bill. I thank you, Chairperson.