$1.8 Million Allocated to JFTC Capacity Building Project


The Jamaica Fair Trading Commission (JFTC) Capacity Building project has been allocated $1.8 million in the 2008/09 Estimates of Expenditure, now before the House of Representatives.
The aim of the project is to enhance competition in the Jamaican economy, support the institutional strengthening of the JFTC, and increase awareness with respect to fair competition.
The project which began in June 2007 has, up to February 2008, been able to enter into a financing agreement with the European Union (EU) Private Sector Investment Programme (PSDP); conduct studies in competition laws; and review the Fair Competition Act.
For the upcoming fiscal year, the project will seek to support and administer consultancy services. The technical capabilities and efficiency of the JFTC will also be improved by conducting studies in fair competition laws, practices and administration, inclusive of investigative techniques; there will be further training of JFTC’s staff through overseas conferences, workshops and seminars; and the provision of international training in competitive and intellectual law.
The project, which will end in May this year, is being funded by the Government of Jamaica.

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