The UN Economic and Social Commission for Western Asia (ESCWA) and the Arab Competition Network (ACN) on Tuesday heaped equal praise on Kuwait’s efforts to protect consumers from commercial fraud, saying these measures help create competition that is both effective and beneficial.

Kuwait’s competition protection agency has made much progress over the last decade, helping “regulate the local market,” ESCWA economic affairs chief Natalya Khaled told a joint conference over existential challenges.

Echoing her sentiments, the ACN head cited a raft of legislative reforms in Kuwait as the catalyst behind more stringent competition policies and consumer protection laws in the country, which help foster more efficient regulatory practices in the market.

The two-day gathering aims to shed light on the pivotal role the Kuwaiti body plays in its efforts to regulate the market and protect consumers from potential ill practices

Source: Kuwait News Agency