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Saturday , August 8 2020

Anti-trust measures ensure fair practices

KUWAIT CITY, March 22, (KUNA): The anti-trust apparatus seeks to ensure fair competition in the business community and in the marketplace with the ultimate goal of serving the public’s needs in a manner that transcends self-interest or bias, said a minister on Tuesday.

Minister of Commerce and Industry Dr Yousef Al-Ali made that statement at a forum organized earlier today by the anti-trust apparatus to discuss the latter’s study on using anti-trust measures in the field of telecommunications and IT in Kuwait. He also pointed out that businesses that work in a healthy anti-trust environment become incentivized to excel in their productivity, in lowering cost, and in inventiveness and creativity.

Though the country has taken tepid steps on the road to applying anti-trust laws full-bore, it is encouraging that such steps have been applied to the vital sector of telecommunications as a springboard for further applications in the nation’s other economic sectors, he said. He praised today’s forum as an apt platform to discuss and analyze the proper approach to dealing with all aspects of anti-trust laws, without which the marketplace would not act responsibly and the public interest would not be preserved.

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