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Modernization of Competition Law and Policy in Egypt: Past, Present and Future

Published online by Cambridge University Press:  09 January 2020

Dong-Hwan Kim*
Affiliation:
Hankuk University of Foreign Studies
Yo Sop Choi*
Affiliation:
Hankuk University of Foreign Studies

Abstract

Competition laws and policies play an important role in developing countries. More than 130 countries have adopted either a competition law or a similar framework of anti-monopoly laws that aims to improve social welfare. Most African countries have already started developing their competition regimes, and regional trade organizations in Africa have provided competition sections in their free trade agreements to enhance enforcement cooperation. For fledgling competition regimes in Africa, the improvement of effective public enforcement and competition law culture has become an essential driver of competition law development. In particular, Egypt has demonstrated its efforts towards the modernization of competition law and the enhancement of fair and free competition, which is an example of the development of the competition regime in a developing African country. This article discusses the development of the Egyptian competition regime from a comparative perspective and suggests proposals for its further modernization.

Type
Research Article
Copyright
Copyright © SOAS, University of London 2020

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Footnotes

*

Assistant professor, Department of Arabic, Hankuk University of Foreign Studies, South Korea.

**

Associate professor of law, Graduate School of International and Area Studies, Hankuk University of Foreign Studies, South Korea.

This work was supported by the Hankuk University of Foreign Studies Research Fund.

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39 Id at 10.

40 Art 5 of the Act articulates its extraterritorial application to undertakings whose acts result in “the prevention, restriction, [of] or harm [to] the freedom of competition” in the Egyptian market, which constitutes a crime under the Act.

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74 Furse Antitrust Law, above at note 48 at 259. Korean competition law includes a unique provision regarding unfair business practices that covers all types of commercial acts, the so-called catch-all provision.

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78 For example, the Korean Competition Act provides a presumption of market dominance when an undertaking's market share exceeds 50%, or when the total market share of three undertakings is above 75%. The Chinese Competition Act also provides a similar framework. For further detail, see Harris, HS et al. Anti-Monopoly Law and Practice in China (2011, Oxford University Press) at 96Google Scholar.

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90 Dabbah Competition Law and Policy, above at note 17 at 24.

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