According to Article 46 of the Fair Trade Law, the Fair Trade Law takes precedence with respect to the competitive conduct among enterprises, except where other laws provide otherwise and where such other laws do not contravene the purposes of the Fair Trade Law.  As to this, the Fair Trade Commission (“FTC”) issued a ruling on May 12, 2016, explaining that the application of the Fair Trade Law is not excluded with respect to administrative actions taken by competent authorities limiting competition among enterprises pursuant to administrative directions, and with respect to trade associations’ use (without basis in law) of pricing formulas or other price-setting considerations under self-regulatory rules (even if such rules were filed with or approved by competent authorities).