{"id":78755,"date":"2023-01-22T00:00:00","date_gmt":"2023-01-22T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=d98cc93b3a1930eb46a3899e441a0498"},"modified":"2023-01-22T00:00:00","modified_gmt":"2023-01-22T00:00:00","slug":"house-economy-committee-okays-articles-of-new-competition-law","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/house-economy-committee-okays-articles-of-new-competition-law\/","title":{"rendered":"House Economy committee okays articles of new Competition Law"},"content":{"rendered":"
The Lower House Economy and Investment Committee, headed by MP Omar Naber, approved a number of articles of the draft 2022 Competition Law.<\/p>\n<\/p>\n
Chairing its meeting on Sunday, Naber said the committee tabled a slew of “core” amendments to the bill aimed to ban practices that impede fair competition and prevent market monopoly to ensure the “highest” standards of justice and non-infringement on small traders’ rights<\/p>\n<\/p>\n
The committee will examine all proposals and recommendations submitted by Jordan’s private sector to endorse a modern law that keeps pace with Economic Modernization Vision (EMV) aimed to overcome difficulties and protect free competition, which would contribute to advancing the Kingdom’s economy, he said.<\/p>\n<\/p>\n
For his part, Minister of Trade, Yousef Shamali, said amendments aim to protect and promote “free and effective” competition in Jordan’s market by revisiting provisions related to banning anti-competitive practices and stiffening penalties for violators.<\/p>\n<\/p>\n
The bill, he added, comes as part of a series of EMV-related legislation, which would safegurad and promote free and effective competition in the Kingdom’s market.<\/p>\n<\/p>\n
Source: Jordan News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The Lower House Economy and Investment Committee, headed by MP Omar Naber, approved a number of articles of the draft 2022 Competition Law.Chairing its meeting on Sunday, Naber said the committee tabled a slew of “core” amendments to the bill aimed to …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"\n