Many developing and emerging market economies are preparing, if not implementing, new competition laws or modernizing their existing statutes. UNCTAD and the World Bank estimate that there are now more than 90 countries covering 86 per cent of world trade with some kind of competition or anti-trust statute. This is a quantum leap from less than 40 countries some 15 years ago. There is no competition policy in place in Malaysia, although the introduction of fair trade practices legislation was one of the objectives of the 2001-2005 Eighth Malaysia Plan. 

Publication: MIERScan, 6 February 2006.  [Download]