Critical steps are needed in the areas of enforcement and institutionalization in the Lebanese market to reap the gains of a competition law recently enacted by the parliament, the United Nations Economic and Social Commission for Western Asia (ESCWA) said in a study.
Titled “Competition in Lebanon,” the study says the law “is an opportunity to build a healthy and competitive market that supports the revival of the Lebanese economy” as the consumer inflation rate in the country was 128 percent in 2021 and 65 percent in 2022 and the unemployment rate reached 43.5 percent in 2021 and 32 percent in 2022.
