Page 405 - MOE ENGLISH PR REPORT - JUNE 2024

6/24/24, 3:32 PM Supreme Committee for Consumer Protection reviews accomplishments and initiatives to strengthen UAE’s consumer protection sy…
the UAE’s consumer protection system and establishing a robust legislative infrastructure
aligned with international best practices was highlighted. Additionally, the Committee

addressed the recent updates concerning Cabinet Resolution No. 120 of 2022, which

focuses on regulations of prices of essential consumer goods within the UAE.

H.E. Abdulla bin Touq Al Marri, Minister of Economy, affirmed the UAE’s commitment
to refining economic policies and legislation aimed at strengthening consumer protection

and safeguarding consumer rights. Under the guidance of its wise leadership, the UAE is
committed to creating a secure and stable consumer environment, fostering vibrant

markets, and adhering to global best practices. These focused efforts are designed to
improve the quality of life for both citizens and residents, while simultaneously enhancing

the growth and competitiveness of the national economy on regional and global scales,
aligning with the vision of ‘We the UAE 2031’.

H.E. said: “The Committee plays a crucial role in advancing the UAE’s national objectives

and strategies for consumer rights protection. Through proactive measures, the
Committee develops projects and initiatives that promote the adoption of best business

practices in the marketplace. It also establishes mechanisms to regulate prices of goods

and products, thus ensuring adherence to legislation governing consumer rights
protection. These efforts aim to provide consumers with an exceptional purchasing

experience and guarantee the availability of sufficient quantities of goods and products to
meet their needs.”

During the meeting, the Committee reviewed its notable achievements in 2023, including

significant contributions to establishing an integrated consumer protection framework
within the UAE. This was achieved through their contribution in the development and

revision of a series of relevant legislation and policies, such as Federal Decree Law No. 5

of 2023 amending Federal Law No. 15 of 2020 on Consumer Protection, and its executive
regulation issued by Cabinet Decision No. 66 of 2023. The Committee effectively

implemented pricing policies for essential consumer goods based on Cabinet Decision

No. 120 of 2022. Additionally, the Committee issued ten recommendations pertaining to
this framework, all of which were successfully executed through collaboration with

relevant government bodies and authorities.

The Ministry of Economy’s endeavours to regulate the prices of goods and
products in the markets:

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