8.7.1 Number of Fair Trade Law (FTL) Violations Found
BAGUIO DATA SOURCE: Department of Trade and Industry (DTI)
Definition:
The fair trade law was created to consolidate the business regulation, consumer protection, and enforcement functions of the DTI pursuant to the Consumer Act of the Philippines or RA 7394. It aims to capacitate DTI officials in handling complaints, facilitating mediation, and conducting monitoring of products in the market and enforcement of fair trade laws and related regulations. The fair trade legislation aimed at curbing cartels, price fixing and other forms of anti-competitive practices, which have long stifled economic growth. The Philippine Competition law will seek to prevent large companies monopolising business and setting up cartels, manipulating and distorting market prices and will promote free and fair trade.
Source:
https://cda.gov.ph/wp-content/uploads/2021/01/DTI-FTEB-presentation.pdf
https://www.reuters.com/article/uk-philippines-trade-competition-idUKKCN0PV0DO20150721
Computation:
Number of FTL Violations Found
8.7.1 Number of Fair Trade Law (FTL) Violations Found in the Sustainable Development Goals
Click on the SDG to reveal more information
8. Promote inclusive and sustainable economic growth, employment and decent work for all
Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty.
A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress. The creation of quality jobs will remain a major challenge for almost all economies well beyond 2015.
Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population.
Related 8.7.1 Number of Fair Trade Law (FTL) Violations Found Targets
8.7
Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms
