Why the TTFTC Supports Competition

TTFTC promotes fair competition, equal business opportunities, and transparent practices in Trinidad and Tobago.

Competition is a market situation in which firms or sellers independently strive for buyers’ patronage, in order to attain a particular business objective; in most cases profit, market shares, and/or sales.

The Role of Competition in Driving Economic Growth

Competition is an important driver of competitiveness as it encourages entrepreneurial activities and market entry.

Effective competition policy and law can promote competitiveness and an economy’s growth prospects and can work with other complementary policies and strategies to enhance trade, investment and resource mobilization.

Competitive markets can add and do contribute to productivity, cost efficiency, low process, innovation and therefore economic growth.

The TTFTC supports competition for the following reasons: