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Press Release

Ministry of Economy: New law on combating commercial fraud bolsters

UAE’s legislation and protects consumers in line with best global standards

The Law enhances the efficiency of the economic sector and the competitiveness of trademark
owners, while also establishing integrated mechanisms to combat counterfeit, adulterated, and
corrupt products.

>> Abdullah Al Saleh: The law marks a significant milestone in the country's efforts to
develop proactive legislation for economic sectors and enhance governance within business
environment.

Abu Dhabi, 1 July 2024:

The Ministry of Economy (MoEc) has clarified that Federal Decree-Law No. (42) of 2023 on
Combating Commercial Fraud contributes to the creation of an integrated legislation that will
significantly enhance consumer rights protection and combat commercial fraud in the UAE,
aligning with the best global standards. This law introduces comprehensive mechanisms and
regulations to prevent the trade of counterfeit, adulterated, and corrupt products and to combat
counterfeiting activities, ensuring fair competition and bolstering the UAE’s global
competitiveness.

H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, highlighted that
this law marks a significant milestone in the UAE's transition towards an economic model based
on fair competition and innovation. “The primary objective of this law is to enhance the regulatory
and legislative landscape for the economic sector, reinforcing the business environment and
governance in line with the ministry’s strategic objectives,” H.E. said.

H.E. said: “The introduction of this new law aims to enhance the competitiveness of the business
environment for both companies and trademark owners in the country, replacing the previous law
on combating commercial fraud. Additionally, it seeks to foster innovation in businesses and
provide support for the protection of intellectual property. The law aligns with federal laws on
‘Consumer Protection’, ‘Trademarks’, ‘Copyright and Neighbouring Rights’, and ‘Commercial
Agencies’. Its provisions have been developed with a forward-thinking and adaptable approach
that takes future developments into account.”

“In the past stage, the Ministry of Economy has collaborated with partners of federal and local
government entities, as well as the private sector, to enhance law concerning commercial fraud.
This effort has been instrumental in creating a competitive environment for the establishment of