The Philippine Competition Act (PCA), also known as R.A.

10667, is the main law in the Philippines that

promotes fair competition in the market and protects consumers. Passed in 2015 after being in Congress
for 24 years, this law aims to enhance consumer protection, boost investments, and create jobs, aligning
with the government's goal of inclusive economic growth.

The PCA ensures markets are open and competitive by preventing unfair business practices. It promotes
a market with many buyers and sellers, leading to lower prices and more choices for consumers. A
competitive market drives businesses to be efficient, innovative, and excel in their performance.

SEC. 2. Declaration of Policy:

This section emphasizes the importance of market competition in efficiently distributing goods
and services. The State acknowledges that previous efforts to open up key economic sectors must
be strengthened by ensuring fair competition. By promoting equal opportunities, the State aims
to foster entrepreneurship, attract private investments, encourage technology development and
transfer, and improve resource productivity. Additionally, fair competition benefits consumers
by giving them more choices in the market.

In line with the constitutional goals for the national economy to achieve a more equitable distribution of
opportunities, income, and wealth; increase the production of goods and services for the benefit of the
people; and raise the quality of life for all, especially the underprivileged, and the constitutional mandate
to regulate or prohibit monopolies in the public interest and to prevent unfair competition, the State
shall:

(a) Enhance economic efficiency and promote free and fair competition in trade, industry, and all
commercial activities by establishing a National Competition Policy to be implemented by the
government and its agencies.

(b) Prevent economic concentration that controls production, distribution, trade, or industry in a way
that stifles competition, manipulates markets, or restricts free market discipline.

(c) Penalize all forms of anti-competitive practices, including agreements that restrict competition, abuse
of dominant positions, and anti-competitive mergers and acquisitions, to protect consumer welfare and
promote both domestic and international trade and economic development.
Copyrights, trademarks, patents, and trade secrets are the four primary types of intellectual property
protection.

Determining the best way to protect intellectual property can be complex. This can be especially true in
highly technical areas like industrial design or computer algorithms.

Example: Someone who writes and markets new computer programs may need to copyright and patent
the code and algorithms, as well as register a trademark for marketing them.

Deciding on intellectual property protection takes careful consideration, so an intellectual property

attorney can ease your mind and help make sure your property is fully protected.