'MyCC should be free from political thought'

28 Jan 2015 / 05:38 H.

    KUALA LUMPUR: The Malaysia Competition Commission (MyCC) should be free from political thought in order for it to be an effective agency, according to Zurich University of Applied Sciences, School of Management and Law, head of the Centre for Competition Law, Prof Dr. Patrick L. Krauskopf.
    Speaking at the Perdana University keynote address held at the Ministry of International Trade and Industry yesterday, Krauskopf said, the fact that MyCC is currently parked under the Ministry of Domestic Trade and Consumer Affairs suggested that this is not the case.
    Currently the appointment of the CEO of MyCC is done by the Minister of Domestic Trade and Consumer Affairs.
    "Competition agencies should not be subject to political goals because free competition is for consumers and they are the ones that will benefit from the competition.
    "It is important in order to enforce a basic principle of free competition where the agencies are independent and not influenced by any political thought. This will make the investigation free from politics and business interest," he said.
    Krauskopf lectures and researches on contracts, torts and competition law and is a competition law expert with World Trade Organisation (WTO), United Nations Conference on Trade and Development (UNCTAD) and International Competition Network (ICN).
    Commenting on the continued lack of awareness of businesses and organisations in MyCC and its laws, Krauskopf said that it is common in jurisdictions first adopting the law.
    "Normally it takes 5 to 10 years for the business world to accept this law and what MyCC should do in this first five years is keep doing an information campaign, interview with the media, short movies, website and any other things that can provide information to people about the free competition" he told media at a briefing after his presentation.
    Krauskopf also opined that MyCC's act of fining both Malaysian Airline System Bhd and AirAsia Bhd for anti-competition practices was a good move which would set an example for other companies.
    MAS and AirAsia were both fined RM10 million each after being found in breach of competition laws during their 8-month pact. The two companies however, appealed the decision, of which the result is yet to be made public.

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