The Asia-Pacific Antitrust Review 2014

Philippines: Overview

The Association of Southeast Asian Nations (ASEAN) is a regional group in Asia comprising ten countries, namely, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Founded in 1967, the ASEAN now seeks economic integration,1 that is, ‘to transform ASEAN into a region with free movement of goods, services, investment, skilled labour, and freer flow of capital’,2 in the context of ‘open regionalism’.3 In line with this, ASEAN member states will endeavour to introduce competition policy4 in their respective territories by 2015.5 Towards this end, the ASEAN has adopted the Regional Guidelines on Competition Policy (the Guidelines).