The Asia-Pacific Antitrust Review 2014

Singapore: CCS

12 February 2014

The Competition Commission of Singapore (CCS) is Singapore’s national competition authority responsible for enforcing the Competition Act. This is no mean feat, as markets are complex ecosystems and exhibit differing characteristics from country to country. Singapore’s small domestic economy, lack of hinterland and natural resources have hitherto necessitated a trade and foreign investment-oriented economic strategy. The tradability of many goods and services as a result of being one of the most open economies in the world does mitigate against competition concerns, as business and consumers can source globally for goods and services. Nonetheless, anti-competitive effects may still be imported into Singapore through the operation of international cartels, resulting in higher prices for business and consumers. At the same time, goods and services that are non-tradable may be more prone to anti-competitive conduct as a result of the lack of international competition. As such, a number of the CCS’s cases have involved non-tradable services.