Fijian Competition & Consumer Commission (“FCCC”) is the Competition Regulator of Fiji. The FCCC is an independent statutory body established under Section 7 of the Commerce Commission Decree 2010 to ensure the integrated framework for the regulation of monopoly market structures; encourage competition, prevent restrictive trade practices, ensure consumer protection, and undertake pricing of public utilities and other price controlled items.
Fijian Competition & Consumer Commission seeks to maintain and encourage the competitive process with a view to promoting economic efficiency and consumer welfare. Its objective is to spur firms and individual players in the market to compete with each other to secure the patronage of customers in terms of, inter alia, competitive prices, good quality and greater choice for them. This objective of the FCCC ensures a fair and equitable market and provides the stimulus for growth.
The aim of the FCCC is to ensure delivery of benefits of competition regime in Fijian vis-á-vis economic development, greater efficiency in international trade and consumer welfare. The FCCC’s objective is to ensure substantial benefits from the strengthening of the application of competition policy principles in terms of “greater production, allocative and dynamic efficiency, welfare and growth.” The FCCC notes that competition rewards good performance, encourages entrepreneurial activity, catalyses entry of new firms, promotes greater efficiency on the part of enterprises, reduces cost of production, improves competitiveness of enterprises and sanctions poor performance by producers, ensures product quality, cheaper prices and passing on of cost savings to consumers. The FCCC is a multi-sector regulator. It regulates Competition, pricing and is also a consumer protection agency.
The objectives of the Fiji Commerce Commission are clearly outlined in Section 2 of the Commerce Commission Decree 2010 and are as follows:
- The promotion of the interests of the Consumers;
- The promotion of the effective and efficient development of industry trade or commerce;
- The need to secure effective competition in industry, trade or commerce; and
- To ensure equitable returns for businesses with fair and reasonable prices charged to consumers.
The Commission has the following objectives in relation to regulated industries and access regimes-
- To promote effective competition in the interests of consumers;
- To facilitate an approximate balance between efficiency and environmental and social considerations;
- To ensure non-discriminatory access to monopoly and near monopoly infrastructure or services.