Abstract
In a free market context, trade competition signifies a state of affairs where in sellers compete with each other to attract buyers with a view to maximizing their sales, profits and market share. Trade competition laws and policies are among the tools that can be used to bring about efficient workings of markets and alleviate market failures. This research sought to explore prohibition of anti-competitive trade practices in Ethiopia in general and particularly in Arbaminch town, Southern Ethiopia. The research has employed doctrinal approach and the data collected were analyzed qualitatively. Both primary and secondary sources of data were used. The findings of the research indicated that there is lack of effective enforcement of the existing law in the study area. There are also anti-competitive trade practices remained uncovered by the law. The current trade competition law of the country needs revision. There is also a need to establish law enforcement bodies and independent adjudicative organs at regional level including in the study area.
Highlights
Despite the existence of different market models in the free market context, trade competition signifies a state of affairs where in sellers compete with each other to attract buyers with a view to maximizing their sales, profits and market share (Merso et al, 2009)
Trade competition laws and policies are among the tools that can be used to bring about efficient workings of markets and alleviate market failures
Trade competition laws and policies are among the tools that can be used to bring about efficient workings of markets and help to alleviate market failures (UNCTAD, 2018)
Summary
Despite the existence of different market models in the free market context, trade competition signifies a state of affairs where in sellers compete with each other to attract buyers with a view to maximizing their sales, profits and market share (Merso et al, 2009). Existing studies have shown that prohibiting anti-competitive trade practices and behavior is the main means, among others, to enforce consumer protection besides promotion of competition in a market economy. Trade competition and consumer protection laws maintain the process of trade competition between enterprises and try to remedy behavioral and structural problems in order to re-establish effective competition in the market. Though the two disciplines focus on different market failures and offer different remedies, they both aim at maintaining well-functioning competitive market that promotes consumer welfare The effectiveness of both laws is, inter alia, determined by the quality of their enforcement framework and practical application. The researchers gathered valid, relevant and reliable data and analyzed descriptively in order to achieve the intended research objectives
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