Economic Law: Consumer Rights And Business Competition – Cambodia opened a seminar to disseminate national competition law under the theme “Encourage business relations Fair and honest business: economic efficiency and consumer welfare”.
Phnom Penh, March 17, 2022: The Consumer, Competition and Anti-Fraud Department (CCF) of the Ministry of Commerce, in collaboration with the German International Cooperation Agency (GIZ), officially opened the “National Communication Seminar”. . “Encouraging Fair and Honest Business Relations: Economic Efficiency and Consumer Welfare” with the competition law. The seminar was officially opened under the chairmanship of Mr. Hos. Mr. Tekles Kamran, Minister of the Ministry of Commerce participated as the high representative Mr. Pan Sorasak, Minister of State Minister of Commerce and Chairman of the Cambodia Competition Commission (CCC), and Dr. Angelica Stauder, Lt. The first officer of the embassy. Federation of Cambodia. Germany in Cambodia, Mr. Frank Tivitanzur, Director of the German International Cooperation Program “Promoting Competition in Cambodia” Frank Jatke, Director of the ASEAN Program for the “ASEAN Integration Initiative (COMPETE) Framework” of the German International Cooperation Agency (GIZ)) of the “Competitive Project,” along with about 300 guests from abroad, including representatives from each country and related ministries, participated both in person and in reality.
Economic Law: Consumer Rights And Business Competition
Today’s seminar will be held on October 5, 2021, when His Majesty the King signed and promulgated the law on environmental protection and consumer benefits, promoting fair competition and creating fair competition between enterprises, with the aim of creating awareness among stakeholders. Mission of Competition Law. According to the Competition Law, Cambodia has fulfilled its obligations under two important international frameworks: (1) its commitment to promulgate the Law on Competition in 2006 as part of the negotiations to become a member of the Trade Organization World (WTO) in 2004; and (2)) commitments. Determine policies and laws on competition in all ASEAN member countries in 2015.
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In order to make the enforcement of the Competition Law more effective, CCF as a law enforcement agency has completed the preparation of important documents under the law, including the Decree on the Organization and Activities of the Competition Commission of Cambodia. Statement of Appointment of Investigators.” Competition Law, Declaration on Selection and Regulations of the Independent Competition Commission of Cambodia, and the resolution on the establishment of the 1st term election committee of the Cambodian Independent Competition Committee.
During the first three months of 2022, the CCF is drafting important legal instruments under the Act. This includes the Decree on the Conditions and Procedures for the Incorporation of Companies, the Decree on the Judicial Police Status, and the Decree on the Judicial Police Status. The terms and procedures of the merger of the company, the inspection and investigation procedures prescribed by the Competition Law, the notification of the negotiation procedures prescribed by the Competition Law, and the internal regulations of the Competition Commission of Cambodia.
At the same time, the CCC Department of Commerce also issued a statement on the selection of CCC members including former judges, 2 lawyers, scholars 2 economists for citizens who want to become CCC members according to their needs. Say so. The CCC Secretariat will apply for CCC membership.
Supported by the Department of Commerce’s COMPETE program, the CCF Commerce Department focuses on competition law, horizontal agreements, vertical agreements, abuse of market power, mergers and other important topics. International Institute for German Studies (GIZ). Regarding raising awareness about the competition law, today, the China Charity Federation will hold a meeting for Mana disseminates the law on competition to the public, disseminates the law on competition in 25 provinces and cities, and Distribute competition law documents. Ministries, organizations, departments, capitals, states, NGOs, embassies.
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At the seminar, Minister of Commerce Tekere Kamran said: “In today’s era, competition is fundamental. Market economy, meanwhile, the effective implementation of competition law is necessary to create “regulations” compete”. “This will facilitate the market.” The “game” is played on a level playing field between those who do business, whether it is a small business or a large corporation. In this sense, entrepreneurs need to succeed in the market or to get more customers. They need to strengthen their capabilities by offering customers low cost, high quality, and more options, especially new and innovative products and services. “
“This new law will not only make the market open and free, but also encourage enterprises to improve quality, create a choice of goods and services and maintain prices. It is worth noting that this is a benefit for consumers.” Angelica Stud.
The representatives of the ASEAN Secretariat also congratulated Cambodia on the promulgation of the Competition Law on October 5, 2021, by He said that all 10 ASEAN member countries have implemented competition laws to ensure fair competition. . The competition law has strengthened economic, industrial, and Money, finance and labor are important by: (1) promoting business sectors at all levels in the ASEAN region , including small and medium-sized enterprises, start-ups and large companies; And. (2) The Competition Law has strengthened important economic, industrial, financial and labor policies, policy implementation The labor side is important for these policies to get maximum benefits. Competition law will give consumers more choice, lower prices, better products and services, especially as more than 650 million ASEAN citizens will directly benefit from competition policy and law enforcement (3). Many studies have shown that countries with a high level of effective competition law have recovered faster after the economic crisis, especially to accelerate the recovery of the region from the COVID-19 pandemic. The Competition Act as part of ASEAN’s comprehensive recovery framework is noteworthy. To the ASEAN region and the world.
This seminar is an important event of the Department of Consumer Management, Competition and Anti-Fraud (CFC) of the Department of Commerce, aiming to implement the law in accordance with the law and treat all businesses effectively, transparently and fairly. . I am. Creating a path forward to help the economy cope with the coronavirus crisis, making it flexible and resilient during and after the global crisis. As a “rightful claim” to something, such as power or privilege. In other words, you are entitled to something. Every consumer has rights when it comes to products and services. these
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President John F. Kennedy proposed the Consumer Bill of Rights in 1962. All consumers have 4 basic rights: the right to safety, the right to choose, the right to Express opinions, the right to be informed. Later, 4 rights were added: the right to correct, the right to educate consumers, the right to service, the right to Health and sustainable environment.
Governments and non-governmental organizations have made great strides in protecting consumers by enacting laws that provide specific rights to consumers. However, like any other right, it is of little value if it is not sought, exercised, and protected.
In conclusion, it is important that consumers understand their rights and responsibilities. Understanding these rights and responsibilities will help consumers know when their rights have been violated and what action to take. By understanding these rights and responsibilities, consumers can avoid wasting valuable resources such as time and money.
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