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  • State Minister in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has informed that 440 cases were investigated by the Fair Trading Commission (FTC), last fiscal year.
  • Mrs. Ffolkes-Abrahams said the figure comprised 166 cases that were unresolved at the end of the previous financial year, and 274 cases which were received during last year.
  • The Ministry, through the FTC, continues to encourage competition in the conduct of trade, business and in the supply of services.

State Minister in the Ministry of Industry, Investment and Commerce, Hon. Sharon Ffolkes-Abrahams, has informed that 440 cases were investigated by the Fair Trading Commission (FTC), last fiscal year.

Making her contribution to the 2014/15 Sectoral Debate in the House of Representatives on June 18, Mrs. Ffolkes-Abrahams said the figure comprised 166 cases that were unresolved at the end of the previous financial year, and 274 cases which were received during last year.

She said the Ministry, through the FTC, continues to encourage competition in the conduct of trade, business and in the supply of services.

“We want to ensure that consumers benefit from lower prices, greater product choices and better quality of goods and services,” she added.

Meanwhile, the State Minister said that as Jamaica moves towards a more productive and inclusive economy, it is essential to ensure an equitable trading environment for domestic producers.

She noted that the Anti-Dumping and Subsidies Commission (ADSC) provides the remaining avenue for deterrence and a remedy for Jamaican producers against imports which are unfairly traded, or which enter Jamaica in disproportionate volumes, causing injury to domestic producers.

The role of the FTC in this regard includes: World Trade Organisation-compliant trade defence mechanisms and processes; financial impact on preserving Jamaican industry; and supporting economic growth and international competitiveness as Jamaica opens its market in an increasingly globalized world.

It also provides for a national economic security supported by trade defence infrastructure for Jamaican production as well as a preservation of jobs, such as in the case of Caribbean Cement Company Limited, where trade remedy action and analysis have contributed to the preservation of more than 300 jobs in that industry in Jamaica.

The Fair Trading Commission is the administrative body responsible for implementing the Fair Competition Act (FCA). It has the power to carry out investigations in relation to the conduct of business in Jamaica to determine if any enterprise is engaging in practices that are in contravention of the Act.