Legal Basis on Unfair Competition Protection

Competition means the rivalry between two or more businesses to gain as much of the total market sales or customers acceptance as possible. Although all countries agree that competition should not only free but also fair, however, competition becomes unfair when its effects on trade, consumers, and society as a whole are more detrimental than beneficial. Protection against unfair competition is an ever-evolving notion that has to adapt to the evolution of trade, and the development of new principles and obligations for participants in the business market. As a member of ASEAN, Myanmar shall be implemented the law for competition by 2015, therefore, Myanmar promulgate its draft in 2014. By enacting the law for competition, the Government can control inappropriate or unfair competition of business. Law for protection against unfair competition is an important one for trade and international competitions. At first, the purpose of unfair competition law aims to protect the honest competitors, but now law against unfair competition aim to ensure fair competition in the interests of all concerned. Thus, the object of this research is to identify the current unfair economic situation and then to analyze the up-coming competition law whether it is in line with the ASEAN Regional Guidelines and WIPO Model Provisions on Protection against Unfair Competition and finally to promote fair competition economic environment