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{
    "id": 122897,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/122897/?format=api",
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    "content": "outmaneuver each other; big versus small, local versus the international and that, indeed, markets cannot function effectively and efficiently without those regulations. Mr. Temporary Deputy Speaker, Sir, as we endeavor to actualize Vision 2030, there is need to create capacity in terms of regulatory framework and institutional dispensation to encourage and regulate competition in the economy. This will effectively control restraints of trade such as concerted practices or unilateral conduct, which injure the welfare of the consumer. Secondly, Mr. Temporary Deputy Speaker, Sir, as we continue with our privatization process, there is need to check that public monopolies are not being converted into private monopolies. Private monopolies would, definitely, be more detrimental to the welfare of the consumers than the public monopolies. Therefore, the ultimate aim of this Bill is to create positive effects of our market-oriented economic reforms by specifically enhancing competition in the economy and, therefore, increasing firm’s efficiency and innovation, with the end result of enhanced consumer welfare and protection. Effective competition regulation will also be a catalyst of increased competitiveness of our firms in the international markets, of course, with the concomitant benefits."
}