Pro-competitive laws and regulations can set the ground for an efficient functioning of Brunei Darussalam’s logistics sector, contribute to long-term economic growth , and support the country’s economic diversification.
Brunei Darussalam’s economy is heavily dependent on the oil and gas mining sectors, which in 2019 accounted for 45% of its GDP. Efforts to diversify the economy following the Wawasan 2035 (Vision 2035) development strategy led to plans to transform the country into an ASEAN logistics hub and significant investments in its transport infrastructure.
Fostering competition in ASEAN is a project that reviews regulatory constraints on competition in the logistics sector in all ten ASEAN member countries to identify regulations that hinder the efficient functioning of markets and create an unlevel playing field for business.
It comprises two parallel components: competition assessment reviews of specific logistics sub-sectors and competitive neutrality reviews of small-package delivery services. The project is undertaken in partnership with ASEAN and funded by the UK Prosperity Fund (UK Government).
Two reports, a competition assessment and a competitive neutrality assessment of the logistics sector in the Brunei Darussalam were launched in co-operation with Brunei Darussalam's Competition Commission (CCBD) on 15 February 2021.
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