Maintenance and Promotion of Free and Fair Competition
November 11th, 2025 | Related To: Fair Trading Commission
Executive Director
Fair Trading Commission (FTC)
The Fair Trading Commission (FTC) proudly serves as an independent statutory agency established under the Fair Trading Act of 2006. As the third competition authority to be established in the CARICOM region and one of the more than one hundred functioning competition agencies globally, we are dedicated to fostering a fair and competitive economic landscape in Trinidad and Tobago.
Our primary goal is to ensure that all legitimate business enterprises have an equal opportunity to participate in the economy. We firmly believe that competition, when properly safeguarded, fuels innovation, enhances efficiency and expands choice, benefiting both businesses and consumers alike.
The FTC works to prevent anti-competitive conduct while complementing broader national policies that encourage market-driven growth. We are focused on cultivating a business environment characterized by free and fair competition, where consumers benefit from high quality goods and services being provided at competitive prices.
We remain dedicated to building public awareness of the value of competition through proactive advocacy and public education initiatives, while also providing practical guidance to stakeholders on how to comply with the law.
As Executive Director of the Fair Trading Commission, I wish to reaffirm our unwavering commitment to promoting fair competition and fostering a vibrant economic environment for all.
Our Key Objectives
- Ensuring equitable access to economic opportunities for all legitimate business enterprises.
- Preventing anti-competitive conduct while supporting complementary competition-promoting policies.
- Enhancing public understanding and appreciation of the benefits of competition.
- Upholding the highest standards of integrity, professionalism and intellect.
Powers of the FTC
The FTC has certain powers that enables it to carry out its functions, some of which include the power to:
- Carry out investigations
- Summon and examine witnesses.
- Call for, require the production of and examine documents with respect to an investigation.
- Direct an enterprise to take such steps as are necessary and reasonable in the circumstances.
Under the Fair Trading Act, the FTC is empowered to take legal action against any business or individual found to be engaging in anti-competitive practices and failing to take corrective action. Where necessary, the courts may:
- Prohibit the offending conduct.
- Prohibit an agreement from being made or carried out.
- Order that an agreement be modified or terminated.
- Prohibit any specific conditions being attached to transactions.
- Prohibit the acquisition of another company or impose appropriate conditions.
- Impose fines (limited to 10% of annual turnover).
Our Mission
To protect, promote and maintain free and fair competition in the conduct of business in Trinidad and Tobago.
Our Vision
To create an environment which will be characterized by vigorous competition.
Our Mandate
To promote, protect and maintain effective competition while ensuring that competition is not distorted, restricted or prevented in the Trinidad and Tobago market. We remain steadfast in our commitment to building a competitive, inclusive and resilient economy that delivers tangible benefits to businesses, consumers and Trinidad and Tobago as a whole.
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63-65 Independence Square, Port of Spain
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