Page 137 - MOE ENGLISH PR REPORT - JUNE 2024

Economy: 620 violations of “fraud and

counterfeiting of trademarks” since the

beginning of 2023

by admin_l6ma5gus

June 30, 2024

The Ministry of Economy, in cooperation with the economic departments, carried out 4,444
inspection tours of local markets to detect cases of commercial fraud and counterfeiting and
forgery of trademarks only, from the beginning of 2023 until the first half of this year, resulting in
the detection of 620 violations.

In a statement today, the Ministry confirmed that it will continue, in cooperation with its partners,
to develop economic policies and legislation to improve the consumer protection system in the
country, guarantee their rights, and provide a stable consumer environment and vibrant markets
in accordance with international best practices, which contributes to creating a competitive
climate for establishing businesses, enhancing the flexibility of practicing economic and
commercial activities, and supporting Consolidating the country’s position as a leading global
center for trade, business and innovation.

She stated that Federal Decree-Law No. (42) of 2023 regarding combating commercial fraud
constitutes a new impetus for an integrated legislative system to protect consumer rights and
confront commercial fraud in the country in accordance with the best international practices, by
establishing all mechanisms and controls to confront commercial fraud with the aim of
preventing trade in counterfeit, adulterated and spoiled goods, and combating activities of

https://pledgetimes.com/economy-620-violations-of-fraud-and-counterfeiting-of-trademarks-
since-the-beginning-of-2023/