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‘Competition laws promote growth’
Publish Date: Dec 15, 2009
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By Patrick Jaramogi
EAST African states need competition laws to promote national development, Nelson Gaggawala Wambuzi, the trade state minister, has said.

Wambuzi, who was opening the East African Cooperation Competition Act sensitisation workshop at the Imperial Royale Hotel on Monday, said once in force, the law would level the playing field for competition among the EAC states.

“The competition law will create efficiency and increase consumer welfare among member states.”

He urged the EAC states to support the Act that was established in 2006 to pave way for sustainable development of region.

Godfrey Mukosha, the director general in charge of fair competition in Tanzania, said competition laws would ensure effective production and distribution processes across all the East African states.

“Competition laws limit monopoly and help in blocking barriers to entry of goods and services and allocation of resources.”

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