Emir Yildirim
28 June 2024•Update: 28 June 2024
ISTANBUL
The Turkish Competition Board fined the Turkish distributor of Japanese camera manufacturer Canon $1.1 million for interfering with independent reseller pricing.
The authority said in a statement on Friday that an investigation into Canon Eurasia was launched on May 11, 2023, for allegedly violating Article 4 of Act No. 4054 on Competition Protection.
The investigation found that the Japanese firm's regional office interfered with the independent prices of Turkish Canon resellers on Canon-made products ranging from cameras to lenses and other equipment.
The statement said the oral defense meeting on June 4 concluded with the board ruling that Canon Eurasia violated the law, resulting in an administrative fine of 38.3 million Turkish lira (approximately $1.1 million).
