Wee Guan Teo, Feb 12, 2013
Singapore has consistently been ranked among the world’s most competitive economies. Since it was founded, Singapore has relied on a set of sound economic policies focusing on trade openness, human capital development, and infrastructure development.
Singapore started developing a generic competition law following the recommendations of the Economic Review Committee in 2003 to create a pro-competitive business environment that would be more conducive for large and small businesses. This would serve as an extension of existing policies to create an open business and trade regime in Singapore, with an emphasis on continued market innovation and productivity.