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Home ServiceFAQsConcerted Actions Are standard prices set by the trade association for reference viewed as concerted action?
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8. Are standard prices set by the trade association for reference viewed as concerted action?

A8:
 
The concerted actions subject to regulation by this Act are to prevent competing enterprises from mutually restricting each other’s business activities. In accordance with Article 2 of this Act, the term enterprise also includes trade associations. Therefore, when a trade association sets a uniform price standard for reference only, despite being non-compulsory or merely suggestive, it often becomes an obstacle for other enterprises to adjust their individual pricing structure. Such action is considered as a concerted action.
 
Relevant article(s) of law: Fair Trade Act, Articles 2, and 14
Updated at:2016-02-22 11:45:30
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