World Consumer Rights Day 2023: History & Significance

World Consumer Rights Day is observed on March 15 every year to raise global awareness about consumer rights and promote consumer protection.

On this day, people across the world support all consumers’ basic rights, demanding that those rights be protected and respected and denouncing market injustices.

History:

The day was first observed on March 15, 1983, which was inspired by US President John Fitzgerald Kennedy’s US Congress address on March 15, 1962. He addressed the issue of consumer rights and laid emphasis on its importance and became the first world leader to talk about consumer rights. Every year on this day several organisations like Consumer International celebrate the occasion by holding events and campaigns to safeguard consumer rights.

Significance:

The main objective of celebrating World Consumer Rights Day is to ensure that consumers are not subjected to market exploitation or injustice that may jeopardize their rights. Consumers are aware of their rights and how they should be used in their day-to-day lives.