Ministry of Commerce (MoC), Department of Trade
Building No. 3, Competition Policy Division, Department of Trade, Ministry of Commerce, Nay Pyi Taw, Myanmar
On 24 February 2015, the Competition Law was enacted in Myanmar. There are thirteen chapters for covering all business including such as trade and services. This law came into force on 24 February 2017.
The objectives of the Competition Law of Myanmar are -
- to protect and prevent acts that injure of public interests through monopolization or manipulation of prices by any individual or group;
- to be able to control unfair market competition;
- to be able to prevent from abuse of dominant market power; and
- to be able to control the restrictive agreements and arrangements among businesses.
The Ministry of Commerce has prescribed the Competition Rules with the approval of Union Government on 9 October 2017.
On 31 October 2018, the Union Government has established the Myanmar Competition Commission to implement and enforce the Competition Law effectively.