The National Competition Policy of the Philippines, National Economic and Development Authority and Philippine Competition Commission Joint Memorandum Circular No. 01-2020 (Philippines)
The National Competition Policy (NCP) recognizes the State's policy to foster a competitive market that would contribute to the improvement of consumer welfare and increase market efficiency. National government agencies must be guided by the following key elements:
- Pro-competitive policies and government interventions
- Competitive neutrality
- Enforcement of competition-related laws and issuances
The NCP enumerates the responsibilities of the national government agencies to ensure that anti-competitive market behavior is avoided and penalized.