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The Competition Policy Advisory Group (COMPAG) today (December 8) publishes its 2008-2009 Annual Report, which is available online at the COMPAG website (www.compag.gov.hk).
A government spokesman said, "The report reviews complaints received by COMPAG during the year and outlines the follow-up actions taken. It also includes an update on the progress of the preparation of the Competition Bill, which is the major on-going initiative advocated by COMPAG."
The spokesman said that COMPAG would continue its efforts in promoting its guidelines on competition while the Competition Bill was being prepared. "Backed by majority community support for a cross-sector competition law, the Government is working at full steam towards the introduction of the Competition Bill, taking account of the comments made by the stakeholders during consultations and other relevant issues. The target is to introduce the Bill into the Legislative Council in the 2009-10 legislative session," he said.
COMPAG was established in December 1997 under the chairmanship of the Financial Secretary to co-ordinate the Government's efforts in promoting competition, to review competition issues that have substantial policy or systemic implications, and to direct bureaus and departments on such matters.
Ends/Tuesday, December 8, 2009
Issued at HKT 16:30
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