Fair Trading Act, 2006
Click here or on the image opposite to download your copy (.pdf) of the Fair Trading Act, 2006.
The Fair Trading Act creates an institutional framework for the enforcement of competition policy in Trinidad and Tobago and addresses major issues including:
- The abuse of monopoly power (dominant position is defined as controlling more than 40% of the market)
- Anti-competitive mergers
- Anti-competitive agreements and
- The enforcement of the relevant clauses or enforcement measures.
Specific anti-competitive practices that are prohibited under the Act include resale price maintenance, price-fixing, collusion, cartels and bid rigging.
The Act is of general application. There are however certain sectors where the Act does not apply including:
- Securities Industry
- Banking Industry
- Intellectual Property
- Professional Associations / Collective Bargaining Situations