MyCC Member Datin Seri Ruzaina Wan Haniff said the commission had set out the rationale and framework for a three-year advocacy work plan (2018-2020) that would put in place the necessary prerequisites for an effective competition policy and law enforcement in the country by 2020.
"The implementation of this plan is expected to realise the commission's strategic goals beyond 2015 and increase the overall competitiveness," she said when opening the #Bebaskartel Choral Speaking Competition on Competition Law 2018 here today.
Ruzaina said the plan was aimed at promoting and protecting the competitive process in the Malaysian business environment.
The MyCC is conducting five main events, namely Choral Speaking Competition, Essay Competition, Photography Competition, Cycle Cyberjaya Kayuh Kaw Kaw Competition and MyCC #Bebaskartel Tours, throughout Malaysia in conjunction with its seventh anniversary on Sunday.
She said 15 schools from Kuala Lumpur, Selangor and Putrajaya were taking part in the competitions to develop the students' interest, knowledge and awareness about competition law in Malaysia.
"We believe this competition will provide an insight on the current trend in competition enforcement and ensure a continuous supply of talents in the area of competition law in the future," she added.
Speaking to Bernama later, she said today's event enhanced the students' awareness on competition law and policy, especially on the importance of a cartel-free economy.
"For instance, a cartel takes place when several companies collude and work together to control the market. Hence, they tend to control the market and drive up the prices.
"While consumers are left with no choice in the market, they can however file their complaints to the MyCC.
"We want the people to be our eyes and ears to promote healthy competition in the business sector. This in turn would bring about benefits to the consumers and the economy," she added.
The MyCC, which was set up on April 1, 2011, conducts seminars, conferences and forums involving different stakeholders, which include government agencies, business and trade associations, practitioners, university students and general public to promote competition law.