Fair Competition To Develop Economy

Jakarta. A healthy business competition is hoped able to improve national economy amid the sluggish world economy and the rapid global competition. This will later bring in a free and fair trade and economy. Vice President Jusuf Kalla stated this when witnessing the signing of a memorandum of understanding between the Business Competition Supervisory Commission (KPPU) and the Indonesian Chamber of Commerce (KADIN) today at the Vice President’s office today.

The Vice President then recounted the past government era when monopolistic practices were ruling the economy. This, according to him, happened for two reasons, that are one-sided policy and the fact that economic strength (capital) was owned only by certain people.

“Monopolistic economy is formed in an authoritarian political system. Therefore, we need to extend our efforts in political reform to economic reform, to make trade and industry sectors more efficient and competitive,” said Mr Kalla.

Previously, KPPU Head Mr Syarkawi Rauf reported that a fair business competition is a milestone to a better climate for trade and industry.

“Besides focusing on preventing unfair competition to happen, KPPU also enforces law against those violating business competition regulations,” he said.

Industry Minister Saleh Husin, Trade Minister Thomas Lembong, KADIN Chairman Suryo Bambang Sulisto, and Head of Vice President’s Secretariat Mohammad Oemar also attended the event.