FTC says current law, regulations stifling competition among land surveyors
/ Our Today
administrator
Durrant Pate/Contributor
The Fair Trading Commission (FTC) has found uncompetitive practice in Jamaica’s land surveying market and has put forward a number of recommendations, which, if implemented, will encourage competition and an expansion of the space.
The FTC presented two reports at the 4th annual seminar for land surveyors, trainees, and student surveyor, which was held last month under the theme ‘A Matter of Land,’ which highlight its findings and recommendations to the sector.
The two reports were delivered by FTC Executive Director David Miller; competition analyst, Desroy Reid; and Vennesa Hall, legal officer.
The first presentation was on the FTC’s March 2022 report titled, ‘Competition Assessment of the Land Surveyors Act,’ while the second was titled ‘Pricing among Land Surveyors – A Competition Assessment’.
The FTC’s report explored whether the Land Surveyors Act unduly restricted competition and assessed its potential impact on competition.
The findings of the report indicated that the legislative framework hinders entry and expansion into the market for land surveyor services, diminishing the incentives for service providers to compete within a co-regulatory regime.
The FTC proposed several recommendations to the Ministry of Economic Growth and Job Creation aimed at fortifying competition in the market while providing an explanation of the report and analysis supporting its recommendations.
The second presentation covered various topics related to the fundamentals of competition law, the FTC’s role in pricing, the adverse effects of price fixing, and best practices concerning the role of trade associations.
Some 45 practitioners attended the seminar.
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