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Swiss drop price fixing

The Swiss cabinet has rejected calls to maintain the net book agreement (NBA) in Swiss-German regions, which allows publishers to fix the price of books, reports Swissinfo.

According to the book industry, the move will destabilise the market in German-speaking parts of the country and cause many small bookshops to close. The government announced its final decision on Wednesday stating that it did not wish to oppose the Swiss Competition Commission (Comco), which had banned the agreement in March 2005, and added that "cultural interests could be safeguarded by other means".