Competition plays a major role in developing the business environment. The importance of competition is derived from the fact that it is mainly based on market freedom which is vital for the growth of businesses.
The legislative activities related to competition are the promulgation of two laws. The first is the Unfair Competition and Trade Secrets Law No. 15 of 2000, the second being the Competition Law No.33 of 2004. The Competition Directorate within the MIT is responsible for the implementation of the Competition Laws and ensuring that all commercial practices are consistent with its provisions.