Switzerland: Successful Fair-Price Initiative introduces new rules on relative market power* In 2016, a public initiative was launched in Switzerland, requesting amendments to the Cartel Act in order to enforce non-discriminatory procurement of goods and services abroad by Swiss purchasers. Furthermore, the initiative requested the introduction of rules against geo-blocking in the Unfair Competition Act. This so-called “Fair-Price Initiative” is backed by various consumer, hotel, gastronomy and tourism associations and based on the perception that Switzerland is a “high-price island” when compared to the price levels in neighbouring countries. This has led to political accusations that international producers of goods and services are imposing surcharges on goods and products in
The Swiss Parliament approves a counterproposal to the fair-price-initiative, which includes almost all amendments requested by the initiative
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