The competition and consumer protection policy approved.
The Cabinet held on September 11, 2023, approved the revised competition and consumer protection (CCP) policy implemented since 2010. The updated policy integrates the national priorities as well as regional and international commitments. It considers emerging trends observed globally such as the increased prevalence of digital multi-sided markets, the growing need to ensure competition rules and green investment among others. The policy also addresses issues of synergies and overlaps in the legal and institutional framework.
On the consumer protection side, addressing emerging issues in e-commerce, pyramid schemes, multi-level marketing, and sustainable consumption, as well as interinstitutional coordination to protect consumers in the CCP policy, are necessary.
In light of the overall objective of the policy, policy actions are organised under the following five pillars:
- Promoting a Competitive Business Environment
- Enhanced Consumer Protection and Welfare
- Enhanced Legal and Institutional Arrangements
- Competition and Consumer Education and Information
- Enhanced Enforcement Mechanism
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