Competition policy in Sri Lanka

This report recommends that a competition policy suitable for supporting this goal would embody the following objectives: (1) broad-based economic efficiency; (2) anti-monopsony; (3) social justice and employment creation; (4) efficiency via economies of scale; (5) the creation of an internationally competitive market; and (6) the maintenance of a business climate congenial to multinational corporations. The report recommends that Sri Lanka"s Fair Trading Commission be upgraded to a National Competition Council with presidentially appointed members. The Council would be charged with promoting domestic competition and with enhancing Sri Lanka"s competitiveness in the world economy. (Author abstract)