The government of Curaçao is committed to further developing its jurisdiction as an attractive and friendly business environment, offering a gateway from Europe towards the Latin American and Caribbean markets and vice versa. In this respect several legislative initiatives were launched, including the creation a Fair Trade Authority (FTA). The FTA, which is expected to be established later this year, will create opportunities and options for businesses and consumers, by combating unfair competition, such as cartels, and by making it easier for new entrants to enter markets.