The Management and Employees of Tokyo Freight Services WLL is determined to support the fight against cartels, which restricts competition among competing suppliers to the detriment of customers. In compliance to the anti-trust regulations, we have placed proactive measures to prevent corrupt practices.
Cartel is defined as an agreement, concerted practice or conspiracy among competitors to fix prices, submit collusive tenders, divide or share markets, and more generally restrict competition.It is the most egregious violation of Anti-Trust Laws in most jurisdictions, which may lead to the imposition of significant fines as well as, in certain jurisdictions, criminal penalties.
Tokyo Freight Services Will Not Tolerate Cartel Conduct
We respect the Anti-Trust laws and regulations which we operate and involvement in cartel is unacceptable, as it is against the FIDI’s core values of competing freely and fairly.
Undertaking by Tokyo Freight Services with Immediate Effect
We commit to legal and ethical behaviour, and to refrain from engaging in any business that will hard the interest of FIDI and other affiliates, clients, or the industry. We will take steps to ensure that we are fully informed of applicable Anti-Trust laws and regulations in connection with cartel conduct and other Anti-Trust violations and will monitor our employees and business partners to ensure full and continual compliance.
We will ensure that we are aware of all applicable laws and regulations covering anticompetitive practices in all jurisdictions in which we operate, and that we will obey and uphold those laws and regulations as well as those in connection with cartels.
We pledge to take a zero-tolerance approach to cartel conduct and will act professionally, fairly and with the utmost integrity in all business dealings and relationships at all times.
Code of Conduct
We agree and commit to the Anti-Trust Charter and undertake to:
This Policy is reviewed at least once a year by Management of Tokyo Freight Services, updated when necessary,communicated to our employees and customers, and made accessible to our staff as part of our Integrated Management System and FAIM requirements.