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On March 5, 1999 Indonesia passed a Prohibition of Monopolistic Practices and Unfair Business Competition Policy, known as Undang-Undang Nomor 5 Tahun 1999. This Policy was made to prevent the monopoly practice and unfair competition, and to provide the society with a policy to regulate the Indonesian market. The objectives of this policy were largely determined by the need to establish a common market. (it means that without a spesific policy or regulation, it is very difficult to control the trading practices and market structures). In the control of restrictive trade practices, there the need to prove the unfair competition practices exist. The Prohibition of Monopolistic Practices and Unfair Business Competition Policy gives authority to abort any agreements that cause monopoly practice and unfair competition. The Supervisory Comission for Business Competition, known as Komisi Pengawas Persaingan Usaha (KPPU), is the one and only that has such authority. As an independent commission, it reports directly to the President, which means the Supervisory Commision for Business Competition has the full authority to keep the competition in Indonesia in the right way according to the Prohibition of Monopolistic and Unfair Business Competition Policy. From this present and to the future, let us hope that the Supervisory Commission for Business Competition will run their job effectivel. (it is also our responsibility to support the Commision in Achieving its objective to establish a fair competition in the Indonesian economy) |
