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TAGI and Konrad Foundation Publish ‘Jordan’s New Draft Competition Law’ Book

26-Jan-2012 | Source : | Visits : 8854
TAGI and Konrad Foundation Publish ‘Jordan’s New Draft Competition Law’ Book
AMMAN - Under the patronage of HE Mr. Sami Gammoh, Minister of Industry and Trade, Talal Abu-Ghazaleh and Co. International (TAGI) and Konrad Adenauer Foundation in Amman held a special ceremony to mark the launch of “Jordan’s New Draft Competition Law: Achievement Made, Improvement Required” book at Grand Hyatt Amman Hotel.

Deputizing for the Minister, Mr. Hussein Al-Hamadani, head of the Competition Directorate at the Ministry of Trade and Industry said:"I would like to express my gratitude to TAGI and Konrad Adenauer Foundation for publishing this important document. The Ministry believes in partnering with the private sector regarding laws and regulations."

He added:"This book is considered a reference to researchers due to its content. The Jordanian experience is a model that should be followed in implementing laws and regulations."

Meanwhile, Dr. Martin Beck, Resident Representative of Konrad Adenauer Foundation/ Amman Office said:" The booklet we are publishing today is the result of a long-lasting and fruitful cooperation between Talal Abu-Ghazaleh and Co. International and Konrad Adenauer Foundation in Amman. Our Foundation is particularly proud that we — with the invaluable expertise of our highly recommended partner — have been able to contribute to improving Jordan’s competition law."

He added:" The need for a modern competition law has been echoed by public calls for reform. The Jordanian government has implemented a number of policies and plans which aim to enhance the competitiveness of the private sector in the country. These efforts also seek to attract national and foreign investment, but more can be done. We need advanced legislation that takes into consideration the interests of the public good and private enterprises alike."

Dr. Beck stressed on the importance of such publication saying:" I believe—in accordance with many Jordanian experts on the field—that time might be ripe to introduce a new modern competition law in Jordan - to establish a work environment characterized by equality and fairness that enables individuals, universities and business enterprises to exercise their own Intellectual Property Rights."

Meanwhile, Talal Abu-Ghazaleh and Co. International Senior Executive Director Mr. Mustafa Nasereddin said:"We are proud to join hands with Konrad Adenauer Foundation in this important issue. Lack of effective competition laws endangers the interests of the vulnerable entities and mainly the national industries in the Kingdom, consequently such entities will not have the potentials to protect such interests against the influential financial blocks and enterprises."

The book is the output of a workshop entitled "National Strategy towards a Modern Competition Law for Jordan”.

Free copies of the book were distributed to attendees during the ceremony.

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