Fair Trade Commission (Republic of China)
Encyclopedia
Fair Trade Commission is an independent government agency subordinate to the Executive Yuan
which is responsible for competition policy, trade practices, formulating fair trade policy, laws, regulations, investigating activities restricting competition, such as monopolies, mergers, collusions, cartels, and other unfair trade practices on the part of enterprises in the Free Area of the Republic of China
.
The FTC is different from other foreign government regulators in that the Consumer Protection
functions is administered by the Consumer Protection Commission
.
, collusion, cartels, mergers and other unfair trade practices that hurt choices, prices, create monopolies and reduce competition.
Executive Yuan
The Executive Yuan is the executive branch of the government of the Republic of China , commonly known as "Taiwan".-Organization and structure:...
which is responsible for competition policy, trade practices, formulating fair trade policy, laws, regulations, investigating activities restricting competition, such as monopolies, mergers, collusions, cartels, and other unfair trade practices on the part of enterprises in the Free Area of the Republic of China
Free Area of the Republic of China
The Free area of the Republic of China is a legal and political description referring to the territories under the control of the government of Republic of China , consisting of the island groups of Taiwan, Penghu, Kinmen, Matsu and some minor islands...
.
The FTC is different from other foreign government regulators in that the Consumer Protection
Consumer protection
Consumer protection laws designed to ensure fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional...
functions is administered by the Consumer Protection Commission
Consumer Protection Commission
Consumer Protection Commission is an independent regulatory agency subordinate to the Executive Yuan which is responsible for policies and measures to protect consumers from fraud, Internet scams, misleading advertisements, content labeling, food safety, product safety, dispute resolution with...
.
History
The Fair Trade Commission was created in 1992 to regulate competition and enforced trade practices. It has the powers to investigate illegal activities such as predatory pricingPredatory pricing
In business and economics, predatory pricing is the practice of selling a product or service at a very low price, intending to drive competitors out of the market, or create barriers to entry for potential new competitors. If competitors or potential competitors cannot sustain equal or lower prices...
, collusion, cartels, mergers and other unfair trade practices that hurt choices, prices, create monopolies and reduce competition.
Structure
- First Department
- Second Department
- Third Department
- Department of Planning
- Department of Legal Affairs
- Secretariat
- Personnel Office
- Accounting Office
- Statistical Office
- Civil Service Ethics Office