16/07/2003
Al-Akhbar Newspaper 2003/JULY /16
An anti-monopoly and competition law is currently being laid down. The Industrial and Commercial Committee of the German Chamber and a professor at the Faculty of Law of Cairo University call for speeding up its enactment, stressing the negative effects that monopoly and illegal competition can have on consumers. (Available in Arabic – German in PDF )
In its latest meeting, the Industrial and Commercial Committee of the German Chamber stressed the necessity of enacting the anti-monopoly law as quickly as possible, calling for the creation of an authority supervising its implementation. For his part, a professor at the Faculty of Law of Cairo University outlined the main items of this new law. He also stressed the necessity of this legislation and defined the different kinds of monopoly, concessions and illegal competition, showing the effects that harmful monopolies can have on consumers.