Page 50 - MOE ENGLISH PR REPORT - JUNE 2024

Press Release

Supreme Committee for Consumer Protection reviews accomplishments and

initiatives to strengthen UAE’s consumer protection system and legislative

framework

Abu Dhabi, June 5, 2024:

The Supreme Committee for Consumer Protection, chaired by H.E. Abdulla bin Touq Al Marri,
Minister of Economy, convened to evaluate its significant accomplishments and endeavours in
2023. The Committee’s significant role in enhancing 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: