Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-09-03-Speech-2-294"
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"en.20020903.10.2-294"2
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"Mr President, it is important for us to harmonise sales promotion practices in the internal market at Community level, but the Commission proposals raise a great many questions. The most serious, as numerous honourable Members have already said, is that it allows below cost selling, which national authorities will be unable to restrict or ban.
I do not think this will help foster healthy competition; what it will help foster are unfair trading practices by very large companies; smaller businesses and consumers will be the ones to suffer because, once the competition in the vicinity has been wiped out, one or, at most, a few companies will corner the market.
I therefore welcome the intervention by the Committee on Legal Affairs and its amendments allowing each Member State to introduce or probably maintain bans on below cost selling in their legislation. Five countries in the European Union already have this sort of legislation, including Greece, where law 2941, adopted in 2001, basically guarantees trading standards and bans below cost selling. Under the Commission text, this law would violate Community legislation. If the amendment by Parliament's Committee on Legal Affairs is adopted, there should be no problem, and it is therefore vital for us to support these amendments by the Committee on Legal Affairs."@en1
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