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Israeli government repeals fixed price book law

The Israeli government has repealed legislation in force since 2014 that prohibits discounts on new books in the first 18 months of publication, reports Israel National News. The law, which was in a trial period and was due to expire in February 2017 unless renewed, will now expire in August. As well as fixing the price of new books, the law prohibits publishers from entering into deals with booksellers to display their books more prominently. Under the new law, book sales have declined 20% overall and as much as 60% on newly published books.

 

Category: International news