Competitiveness Law passed
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The Competitiveness Law was enacted on May 11 to ensure free and fair competition of market and to prevent the people from speculators.
The law consists of 12 chapters and 53 sections and allows for organising inspection commissions when necessary.
It prevents confining the distribution of services and goods and restricts price manipulation by business owners. Violation is subjected to the jail sentence of no more than three years or a fine of KS 3 million (US$ 3,000) or both.
Businesses must not ban consumers or other business partners from seeking partnership with their enterprise. Violators will be jailed for five years and fined Ks 7 million (US$ 7,000).
It also bars anti-dumping.
