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Belarus' Antimonopoly Regulation and Trade Ministry to draw up competition promotion program in 2018

Economy 14.02.2018 | 13:00
An archive photo
An archive photo

MINSK, 14 February (BelTA) – Belarus' Antimonopoly Regulation and Trade Ministry shall draw up a program on competition promotion in 2018, Belarus' Deputy Prime Minister Vasily Matyushevsky said at the board meeting of the ministry, BelTA has learned.

“The key goal this year is to draft a competition promotion program for the medium term. It should take into account the current realities of the economic development and offer effective steps to promote competition,” Vasily Matyushevsky said. He also urged the ministry to take into account international experience and make use of the potential of the domestic scientific community.

According to Vasily Matyushevsky, the government has instructed the ministry to analyze the country's legislation in the area of competition and antimonopoly regulations, identify the norms that restrict competition, and determine the indicators to regulate certain goods markets of the country.

“Roadmaps need to be worked out to boost competition in each specific sector. This is one of the stages of Belarus' social and economic development program for 2020 that seeks to improve the quality of life of the population through the growing competitiveness of the economy, investments and innovations,” the first vice premier stressed.

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