The Bill seeks, inter alia, to establish a Fair Trading Commission, to promote and maintain effective competition in the economy and to ensure that competition is not distorted, restricted or prevented in Trinidad and Tobago to the detriment of the community. It would also establish a Community Competition Commission that would deal with issues involving anti-competitive conduct in another member state which has the effect of lessening competition in Trinidad and Tobago.
The resulting Act (Act 13 of 2006) is awaiting proclamation.
Parts IV, V and VI were proclaimed on 26 April 2007. Legal Notice 98 of 2007.
Part II was proclaimed on 31 January 2014. Legal Notice 43 of 2014.
Parts I, III, VII, VIII and IX were proclaimed on 10 February 2020, Legal Notice 41 of 2020