The Competition, Standards and Liberalisation SRI
was designed to develop an efficient and competitive
environment for the benefit of business, consumers
and the economy.
Innovation thrives in a culture in which competition
exists, and this will beneft the consumer greatly in terms of effcient production
of goods and services.
The Competition Act 2010 was launched by the Government and is a clear commitment
by the authorities in enforcing this new law. The implementation of the act is overseen
by the Malaysia Competition Commission (MyCC).
The MyCC continues to play an important role in focussing advocacy programmes to
the public and enhancing the industry’s understanding of the Competition Act
2010. The Commission has received a number of complaints and is undertaking investigations
into some of them. These investigations take into account whether the complaints
fall within the jurisdiction of the Act and if there is adequate information for
an investigation to proceed.
The Standards component focusses on the development,
usage and enforcement of standards for Malaysian goods and services.
Standards Malaysia is currently focussing on developing standards for 24 sectors.
The development of standards for each sector is overseen by an Industry Standards
Committee, which ensures that standards developed are aligned with international
practices and meet the specifc needs of the industry.
The implementation of standards across sectoral initiatives is presently focussed
on the Agriculture, Healthcare and Business Services NKEAs.
The Liberalisation component of this SRI seeks to enhance the capacity and capabilities
of local companies through foreign investment and technology transfer. The Government
remains mindful, however, that liberalisation must be implemented in a progressive
manner. The liberalisation of services is coordinated and monitored by the Malaysian
Services Development Council (MSDC) which is chaired by the Minister of International
Trade and Industry.
While all the sub-sectors announced by the Prime Minister in previous years have
been liberalised, three remaining sub-sectors (architecture, engineering and quantity
surveying) are pending amendments to their respective Acts.