PAP MPs argued that exempting certain businesses from the new competition law is necessary to protect nascent industries and allow for strategic economic planning, citing examples like public transport and energy utilities which require stability.
WP MPs expressed concern over the broad scope of exemptions, warning it could create an uneven playing field and undermine the law's intent, urging for more precise criteria and sunset clauses to limit long-term exclusions.
The Minister for Trade and Industry clarified that exemptions are tightly defined and subject to periodic review, emphasizing that the law’s primary goal is to foster fair competition while safeguarding essential public interests.
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