Damascus,(SANA)- President Bashar al-Assad on Saturday issued Law No. 7 on Competition and Prevention of Monopoly.  

In a statement to reporters Assistant Minister of Economy and Trade, Ghassan Eid, indicated that the law will meet the urgent need for competition control in the light of transition to the Social Market Economy which will gradually lead to liberation of the prices, allowing a growing role for the private sector in the current comprehensive economic development in Syria. He also indicated that the new law will also meet the urgent need to ensure the prices actual subjugation to free equal competition which is unaffected by market forces monopoly practices that may harm the economy and consumer at the same time.

A.N.Idelbi