On June 29th, the Canadian Chamber of Commerce’s Senior Vice President, Policy and Government Relations, Mark Agnew, issued the following statement regarding the upcoming review of the Competition Act.
“Strong, robust competition laws are critical for economic growth. Businesses need clear rules and a level playing field in order to innovate and grow, as well as for our country to attract investment.
The Canadian Chamber welcomes the government’s intention to review the Competition Act to ensure it includes best practice. However, this review must be well-researched and durable. We are calling on the government to appoint an arms-length expert panel to develop recommendations on potential changes to the Competition Act.
An expert panel should include input from the broadest possible range of Canadian stakeholders to address concerns in a variety of sectors and provide balanced recommendations that ensure Canada remains globally competitive. Modelled on the approach taken by the Wilson Panel nearly 15 years ago, an expert panel will be critical to ensuring a multi-stakeholder approach and avoiding a politicization of the process.
An expert panel would also more effectively capture views from the full spectrum of non-government stakeholders versus omnibus legislation. Additional changes to the Competition Act without adequate consultation and analysis will likely lead to unintended consequences for businesses of all sizes, innovation and economic growth in Canada.
The Canadian Chamber looks forward to working with the federal government to make this a reality and ensure Canada’s Competition Act meets the needs of Canadians and our business community.”
Source: Canadian Chamber of Commerce
