Should Jamaica Celebrate the 20th Anniversary of the FTC?

Twenty years have passed since Parliament established the Fair Trading Commission (FTC) in 1993 with the primary objective of positioning competition as the driving force behind economic activity in Jamaica. In the current fiscal year, approximately $73.5 million of scarce public resources have been approved to fund the FTC. Although this represent only one hundredths of 1% of the overall budget for central Government, the public deserves to know whether the FTC is providing value for money or is merely another charge on the public purse.

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