New FTC boards appointed
The Jamaican Fair Trading Commission (FTC) has a new board appointed, led by Dr. Nadeen Spence as chair, to oversee competition matters in Jamaica's markets. The FTC has been handling several cases, including the acquisition of Massy Distribution by Acado Limited and a complaint by the Jamaica Gasoline Retailers Association.
The Jamaican Fair Trading Commission (FTC) has appointed a new board, with Dr. Nadeen Spence as chair, to serve a three-year term until November 30, 2028. The new board will oversee competition matters in Jamaica's markets. The FTC recently gave its non-objection to Acado Limited's acquisition of Massy Distribution (Jamaica) Limited, with a consent agreement to preserve competition in the Jamaican insulin market. The commission is also investigating potential competition concerns following a complaint by the Jamaica Gasoline Retailers Association. The FTC has received information from the association and the two largest petroleum marketing companies in Jamaica to inform its assessment.
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