05/03/2026
Mr. David Miller, Executive Director of the FTC, recently appeared on a Belizean morning show alongside Baris Ford Cod, Senior Trade Economist at the Ministry of Foreign Affairs and Foreign Trade in Belize, to discuss the development of competition policy and the importance of fostering fair, efficient markets.
During the interview, it was noted that Belize is collaborating with the FTC, the CCC, and the Ministry to advance a comprehensive competition law framework. Mr. Miller emphasised that competition policy ultimately protects consumers by promoting higher-quality goods and services, greater choice, and competitive prices, while also encouraging innovation, business growth, and sustainable economic development.
Drawing on Jamaica’s experience, he highlighted the transformative impact of increased competition in the telecommunications sector, where greater market rivalry resulted in improved service quality, broader offerings, and significantly lower prices. This example demonstrated how effective competition policy delivers tangible economy-wide benefits.
The discussion also addressed sectors characterised by natural monopolies, such as electricity and water. In these industries, where full competition may be impractical, strong regulatory oversight is essential to simulate competitive conditions and prevent anti-competitive conduct, including abuse of dominance, predatory pricing, bid rigging, and price fixing. Appropriate regulation ensures fair value for consumers while maintaining market stability.
While some competition principles exist within Belize’s sector-specific legislation, a standalone competition law is needed to provide clearer, more comprehensive guidance, particularly regarding mergers and acquisitions. Next steps include a three-day capacity-building workshop and a public questionnaire to gather stakeholder feedback and refine the draft bill.
Overall, Mr. Miller’s appearance underscored the FTC’s regional leadership and its commitment to supporting Caribbean partners in strengthening competition frameworks that promote fairness, efficiency, and consumer welfare.
Access full video here: https://youtu.be/nREHrbEZxxE?si=WTCbkrBbD29QFHz-