27/11/2004
Al-Akhbar Newspaper 2004/NOVEMBER /27
This article discusses that after ten years, the antitrust law was listed in the Parliament, and is to be issued during the actual session. This law would protect real competition and the rights of consumers, knocking down market manipulators who prevail over prices of some goods and have won billions through illegal methods. The Head of Commercial Chambers Union affirms that we are in great need to issue this legislation. It is important to carry out the international agreements we acceded, in order to realize the freedom of ‘balanced fair trade’ as with the ‘open markets’ and dealing with ‘market mechanisms’, there should be a legislative law that protects consumers.(Available in Arabic – German in PDF )
This article discusses that after ten years, the antitrust law was listed in the Parliament, and is to be issued during the actual session. This law would protect real competition and the rights of consumers, knocking down market manipulators who prevail over prices of some goods and have won billions through illegal methods. The Head of Commercial Chambers Union affirms that we are in great need to issue this legislation. It is important to carry out the international agreements we acceded, in order to realize the freedom of ‘balanced fair trade’ as with the ‘open markets’ and dealing with ‘market mechanisms’, there should be a legislative law that protects consumers. Jala El-Zorba, Chief of Industries Union, says rumors’ about businessmen and producers being against the enactment of the law are not true. There is a para-consensus among manufacturers for the need of sending out competition law and forbidding monopolies. El-Zorba assures that this law will not harm any committed businessman, and that all investment or economic activity must be ruled by a legislation so that all people get treated equally before the law.