The law for the market and competition is an annual law with the aim of promoting the development of competition and guaranteeing consumer protection in application of the principles of the European Union on free circulation and opening of the markets.
The first market and competition law was approved on August 2, 2017.
Why a competition law?
To stimulate the growth and dynamics of productivity in Italy, to allow consumers to have access to goods and services at lower cost and to guarantee them new and more effective forms of protection, to stimulate innovation, to attract greater investments in Italy .
What the law provides
The standard intervenes in several areas:
- Insurance
- Pension funds
- Communication
- Post
- Energy
- Environment
- banks
- Lawyers
- I noticed
- Engineers
- Dentists
- Pharmacy
- Transportation
- Tourism
(details of individual measures are attached)
A stimulus to the economy: GDP growth: +0,2% per year
It has been estimated by the Ministry of Economy and Finance that the competition measures, once they enter into force, will produce an additional GDP growth of 0,2% per year in the short term, a figure that rises to 0,5. 1,0% in the medium term and XNUMX% when fully operational.
The Path of the Law
On 20 February 2015, the Council of Ministers presented the first annual draft law for the market and competition, respecting an obligation introduced in 2009. The law was sent to the Chamber of Deputies on 3 April 2015, approved in first reading by the Chamber on 7 October 2015 and by the Senate on 3 May 2017. After a further passage to the Chamber of Deputies, it was definitively approved by the Senate of the Republic on 2 August 2017.
Attachments: Law for the market and competition - the instructions of the Mise
