The Competition and Fair Trading Commission (CFTC) has underscored the need for government agencies to have knowledge on restrictive business and unfair trading practices to protect both consumers and manufacturers in the country.
CFTC Consumer Affairs Director, Brenda Bota said this in Mzuzu at a business clinic for government officials, where she noted that lack of knowledge on fair business practices is putting the rights of consumers at risk.
“For market supervisors, it is important that they should guard against blatant violations of the law. Examples of such violations include market allocations and hard core cartel behavior such as setting universal prices,” explained Bota.
At the clinic, participants have been sensitized on topics such as roles and functions of the Commission, restrictive trade practices and misuse of market power. They were also sensitized on obligations of traders and suppliers and unfair trading practices.
By George Mkandawire
