The UAE Cabinet has approved a new federal consumer protection law to protect consumers and guarantee the stability of prices.
According to the UAE’s state-run WAM news agency, the new law is in line with the GCC’s unified law on consumer protection, which in turn is designed to ensure legislative integration between all the countries that make up the Gulf Cooperation Council (GCC).
The law is also aimed at protecting consumers in an age of increased reliance on e-commerce, as well as ensuring the “delivery of goods and services according to production and distribution patterns tailored to consumers’needs”, according to WAM.
Additionally, the law is designed to encourage ‘sustainable’ consumption and create a free market where consumers are given the right to choose freely with fair prices. It also encourages a code of ethics for goods and services producers and distributors.
Once issued, the law will regulate the work of suppliers, advertisers and commercial agents and control price increases under ‘unusual’ circumstances, ensure the implementation of guarantees and regulate e-commerce.
The law will also determine penalties for violations.
No further details on the law or when it might be issued were given.
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