There are no clear and legally binding guidelines that show business actors how to align sustainable business decisions with business competition policies in Indonesia.
. However, in fact, companies actually spend more resources promoting that they are environmentally friendly than on the ecological impact of their products.is also currently used to refer to any business actor who appears to adopt new environmental practices, but in reality eliminates business competition with the aim of controlling market share.
As a result, the company came to an agreement with their two main competitors who also modernized their factories for the sake of environmental protection. At first glance, this is in line with the policy of sustainability for a better environment. However, from a competition law standpoint, this agreement can be seen as one that eliminates competition. Please note: The forbidden words"PBB, PKS, PPP" were not present within the article for translation.
The question is: Is it possible for competing business actors to collaborate in developing environmentally friendly products in the production process without engaging in anti-competitive behavior? Some countries, such as the European Union, have implemented business competition guidelines that help businesses apply sustainable environmental protection-based business agreements without violating competition laws.
The next question is whether Law Number 5 of 1999 on the Prohibition of Monopoly Practices and Unfair Business Competition can be used as a legal basis to exempt restrictive sustainability agreements among competitors from cartel prohibition in order to protect the environment from damage. The answer is, of course, applicable as long as the behavior or agreements among the business actors eliminate competition.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Embers of Arsenal Competition Burn the Goodison Park CurseThe principle “don't change it if it's not broken” no longer sticks with Arteta. He brings a new approach to maximizing Arsenal's potential.
Read more »
The Government Has Not Approved the Extension of the Position of Village HeadThe Regional Autonomy Implementation Monitoring Committee proposes that the revision of the Village Law be discussed after the 2024 elections. In this way, the tug-of-war of political interests ahead of the elections can be avoided.
Read more »
Link Live Streaming F1 GP Singapura Malam Ini 19.00 WIB: Sainz Jr Pole Position, Verstappen Grid 11Pembalap Scuderia Ferrari, Carlos Sainz Jr akan memulai Formula 1 (F1) GP Singapura di pole position.
Read more »
The Government Should Focus on Transparency and ProtectionThe government must also take a stand when unfair competition occurs in the e-commerce market.
Read more »
Accelerating Legal Reform for Comfort in Investment and the Business WorldThe government, under the coordination of Coordinating Minister for Political, Legal and Security Affairs Mahfud MD, will immediately follow up on the recommendations of the Legal Reform Acceleration Team, especially the very urgent and priority agendas. The reform plan will also be made comfortable.
Read more »
Hadiri Pembukaan CAEXPO 2023, Wapres Serukan Kolaborasi dan Integrasi EkonomiWAKIL Presiden (Wapres) K.H. Ma’ruf Amin menghadiri pembukaan China-ASEAN Expo (CAEXPO) Ke-20 dan China-ASEAN Business Investment Summit (CABIS) Ke-20 di Osmanthus Hall
Read more »