- Never attend any meetings among competitors during which price issues will be discussed.
- Never be party to an arrangement or agreement, written or verbal, concerning fixing prices, sales terms, profit margins, market share, market divisions, or bidding.
- Never engage in any trade practice that constitutes resale price maintenance or restriction.
- Never abuse the dominant bargaining position or sign an agreement containing unfair terms or conditions of trade.
Compliance with Fair Competition Laws and Regulations
Many countries have fair trade laws to protect consumer interests and to ensure sound growth of their national economies. Monopolies or cartels are prohibited, and any company found in violation is subject to severe punishment and heavy fines. Such penalties could irreversibly damage the offending company. In many jurisdictions, violations of the fair trade laws can result in personal fines and imprisonment for company managers.
The MIKASA Group obeys fair trade laws in the respective countries in which we do business. The following are just a few examples of behavior that should be avoided: