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07 September 2022, 09:42

EAEU antitrust agencies discuss ways to promote price stability

Photo courtesy of the EEC press service
Photo courtesy of the EEC press service

MOSCOW, 7 September (BelTA) - Improving the efficiency of antitrust regulation, amendments to the competition laws in the EAEU countries and their consequences were discussed in Minsk in the “5+1” format by the heads of the anti-monopoly agencies of the Eurasian Economic Union (EAEU) and Arman Shakkaliyev, member of the Board (Minister) of Competition and Antitrust Regulation of the Eurasian Economic Commission (EEC). The meeting took place at the Belarusian Universal Commodity Exchange, BelTA learned from the EEC press service.

The meeting focused on the latest amendments to the antitrust legislation in the EAEU countries aimed at the development of business, including demonopolization and deregulation of competitive sectors of the economy, improvement of the state procurement legislation and digitalization of the antitrust regulation. “One of the important topics was the need to maintain price stability in the EAEU countries. Participants discussed the draft report “Maintaining Price Stability in the Member States of the Eurasian Economic Union in 2020-2022”, which was prepared by the Commission's competition bloc with the participation of the EAEU antitrust authorities. The report was a result of the agreement of the participants of the previous meeting in the “5+1” format, held in May 2022,” the press service said.

“The report is an overview of common approaches of states to regulate prices, especially in socially important markets, to ensure availability of medications, food and essential commodities at fair prices,” Arman Shakkaliyev commented on the document.

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