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Cambodia To Finalize Antitrust, Competition Draft Law

By  |  April 15, 2020

The Cambodian government will soon finalize a draft law on antitrust and competition and submit it to the National Assembly for approval, a Ministry of Commerce senior official told The Post on Wednesday, April 15.

Its General Department of Consumer Protection, Competition and Fraud Prevention director-general Phan Oun said a departmental working group on Monday discussed investigative procedures under Chapter 4 and penalties under Chapter 6.

The ministry submitted the draft articles to the Ministry of Justice for approval before they are set to be discussed at the Office of the Council of Ministers.

“The draft law on antitrust and competition is very useful for business. First, it promotes fair trade relations. Second, it increases economic efficiency in doing business in Cambodia,” he said.

Commerce ministry spokesman Seang Thay told The Post that an inter-ministerial committee had previously discussed the law at the Office of the Council of Ministers.

Full Content: The Phnom Penh Post

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