The principle of transparency and good faith, which is recognized in protecting the consumer in international trade contracts.

Document Type : Original Article

Author

Faculty of Law - Mansoura University

Abstract

The transition to a free market economy is considered one of the most fundamental pillars for driving the wheel of development and increasing production levels across all different industrial sectors in the modern state. For this transition to be successful and achieve its developmental objectives, it is necessary to study and fulfill all the essential components and aspects of such a transition. At the forefront of these components is the establishment of appropriate policies to ensure market discipline and stability, which can only be achieved by employing all protective mechanisms for all active market participants, especially for the consumer as the weaker party, by safeguarding them from market fluctuations, the monopolization of prices and goods by certain groups, as well as production opportunities at the local level. This is what the United Nations has sought to establish through what it included in its principles known as the United Nations Guidelines for Consumer Protection. These principles have been a source of inspiration for a large number of national consumer protection laws in various countries, through which the United Nations aimed to consider the interests and needs of consumers in all countries, especially consumers in developing countries. These principles have been a source of inspiration for a large number of national consumer protection laws in various countries.

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