Ras Al Khaimah: His Highness Shaikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, on Wednesday issued law No. 7 of 2016 on the economic establishments’ control and commercial protection.
According to the second article of the law, the objectives of the newly issued law are to provide stimulating environment to economic establishments, boost the efficiency and competitiveness, achieve consumers’ interests and sustainable development, promote investors and consumers’ rights, and ensure commitment to fair trade practices in Ras Al Khaimah.
It also aims to provide conducive environment for implementing commercial projects, curb negative commercial practices, ensure compliance of goods and commodities to specifications and requirements and ensure compliance of all individuals and economic establishments to the effective laws when conducting any commercial activities.
The law applies on all facilities that fall under the umbrella of the Ras Al Khaimah Department of Economic Development according to effective laws in the UAE.
To be appointed by virtue of a decision issued by the Shaikh Mohammad Bin Saud Bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, Chairman of Ras Al Khaiman Executive Council, employees of the concerned authority shall be granted the law enforcement capacity to enable them to undertake their responsibilities of inspection, control and establishing evidence in case of violating the provisions of the law.
All of those who fail to comply with regulations of the law and any other decisions issued in implementation of the law shall be fined as per the law.
The new law annuls the Law No. 1 of 2016 on the control of commercial establishments in the emirate of Ras Al Khaimah and any article that contradicts its provisions.
All effective regulations, decisions and systems will remain in place until the regulation of the new law is issued
The law, to be published in the official Gazette, is deemed effective from the date of its publication.
Source: Gulf News: 
Shaikh Saud issues law on economic activity
