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