Category: Article
Fair Trading Commission’s World Competition Day Message
View message from Senator the Honourable Aubyn Hill, Minister of Industry, Investment And Commerce On this World Competition Day 2025, the Jamaica Fair Trading Commission (FTC) proudly joins the global community in reaffirming our commitment to fair, open, and competitive markets — the pillars of national growth, consumer welfare, and sustainable innovation. This year’s theme, “Artificial […]
Read MoreFTC Completes its Assessment of Bank Account Portability
The Fair Trading Commission (FTC) has completed its assessment of Bank Account Portability (BAP) as a potential policy tool to strengthen competition within Jamaica’s banking sector. The study argues that by significantly reducing the high switching costs that currently “lock in” customers, BAP can empower consumers while incentivising banks to compete more aggressively on price […]
Read MoreUpholding Fair Play: Competition and Consumer Protection in Jamaica’s Hurricane Recovery
In the aftermath of Hurricane Melissa, as Jamaica begins the difficult task of rebuilding, the Fair Trading Commission (FTC) reaffirms its commitment to fostering a fair and competitive marketplace for all citizens. The Government’s declaration of Jamaica as a Disaster Area is a critical first step, not only for coordinating national relief but also for […]
Read MoreCARIFORUM Training of Staff & Commissioners of Competition Authorities
The Commissioners and Technical Staff of the Jamaica Fair Trading Commission (JFTC) participated in the CARIFORUM Level 2 Training in Competition for Staff of Commissions, which was held during March 18-21, 2025, via Zoom. Up to 65 persons were in attendance during each of the first three days, and 140 persons attended on the closing day. […]
Read MoreCompetition Policy and Inequality
Each year on December 5, World Competition Day is celebrated to emphasize the importance of competition policy in fostering competitive and efficient markets. This year’s theme, “Competition Policy and Inequality,” highlights the relationship between market dynamics and economic disparities, and how competition policy can help mitigate such inequalities. Understanding Economic Inequality Economic inequality refers to […]
Read MoreCompetition and Competition Policy Aiding the Economy
Introduction Competition is a fundamental element of any healthy economy. It motivates businesses to improve, innovate, and offer better products and services to consumers. Governments worldwide, including Jamaica, recognize the need to foster and protect competitive markets as a means of fostering long-term economic growth. Competition policies, designed to promote a competitive environment, play a […]
Read MoreUnderstanding Shrinkflation: A Covert form of Inflation
In today’s complex economic landscape, price alone is no longer the sole indicator of product value or market stability. Consumers often focus on price changes when making purchasing decisions however, it is important to consider other factors that may subtly affect the real cost and value of goods and services. One such factor is shrinkflation, […]
Read MoreCompetition Law Benefits Small Businesses
The winner of the 1976 Nobel Memorial Prize in Economics, Professor Milton Friedman, described competition as a system of dispersed power that promotes economic efficiency and innovation. A competition-based economy, therefore, is most likely to secure the greatest economic surplus for society. Competition legislation such as Jamaica’s Fair Competition Act (FCA), promotes competition as the […]
Read MoreRegulating Ride-Sharing Services to Promote Sustainable Development
Transportation plays a crucial role in any modern society. While transportation is sometimes valued by consumers (‘passengers’) as a standalone service, in most cases passengers value transportation as an intermediate service that allows them to consume other goods and services accessible at distinct physical locations. Passengers may choose to either provide ground transportation themselves or […]
Read MoreThe FTC Recognizes World MSME Day
June 27 is observed as World MSME Day, recognizing the critical role played by Micro, Small, and Medium-sized Enterprises (MSMEs) in promoting the United Nations’ Sustainable Development Goals. The enterprises which operate in this sector are diverse, spanning various sectors such as agriculture, manufacturing, retail, and services, and providing goods and services that cater to […]
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