Overview
The Competition Commission was set up under the Competition and Fair Trading Act (CFTA) 2006. In 2009 the National Competitiveness Council decided to merge it with a consumer affairs commission, in line with regional and international practice. The Consumer Affairs Act (CAA), passed in September 2011, completed the merger and renamed it the Competition and Consumer Affairs Commission.
Mission
To ensure that consumer affairs and free and fair competition are evident in production, trade and commerce in Guyana.
Functions
- Investigate complaints from agencies and consumers and decide whether the CFTA or CAA has been breached
- Take prescribed action when the law is broken
- Eliminate anti-competitive agreements
- Inform consumers of their rights so they can make informed choices
- Advise the Minister on the CFTA and the CAA
- Bring, join or support court proceedings, including prosecutions
Core values
- Integrity
- Professionalism
- Confidentiality
- Credibility
- Impartiality
What the law is for
- CAA: promote and protect consumer interests in the supply of goods and services
- CFTA: promote competition and economic efficiency in production, trade and commerce
- CFTA: prohibit anti-competitive conduct and abuse of a dominant market position
- CFTA: promote the welfare and interests of consumers