Competition Law at Vanuatu
Here’s a summary of Competition Law in Vanuatu:
Competition Law in Vanuatu
1. Legal Framework
Vanuatu does not have a dedicated or comprehensive competition (antitrust) law as of now.
The country’s legal system is based on a combination of common law principles, statutes, and customary law, but competition law is not specifically regulated.
There are general laws relating to trade, commerce, and consumer protection, but no standalone competition statute.
2. Regulatory Environment
Market competition is governed primarily by general commercial laws and the Consumer Protection Act.
The government regulates business activities through licensing, trade regulations, and sector-specific controls.
3. Competition Issues
Due to the small size of the economy and limited market actors, formal competition enforcement is minimal.
There are no specific authorities tasked exclusively with competition law enforcement.
Anti-competitive behavior, if any, would likely be addressed under broader trade or consumer protection provisions.
4. Regional Context
Vanuatu participates in regional economic groupings like the Pacific Islands Forum.
Regional initiatives sometimes promote competition policies among Pacific Island nations, but Vanuatu has not yet implemented a standalone competition regime.
Summary
No specific competition law or competition authority currently in Vanuatu.
Competition matters, if raised, are dealt with through general laws.
Market size and economic structure mean limited formal competition regulation.
RELATED Blog
0 comments