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UNCTAD might undertake peer review of Belarusian laws on competition

Economy 08.11.2018 | 13:38
During the meeting. Photo courtesy of MART
During the meeting. Photo courtesy of MART

MINSK, 8 November (BelTA) - Belarus Minister of Antimonopoly Regulation and Trade Vladimir Koltovich met with Teresa Moreira, Head Competition and Consumer Policies at the UNCTAD on 7 November, BelTA learned from the website of the Ministry of Antimonopoly Regulation and Trade (MART).

The parties discussed the prospects for UNCTAD undertaking a voluntary peer review of the Belarusian competition laws and practices and issuing relevant recommendations. According to Teresa Moreira, such review will help the country integrate successfully with the universal system of protection and competition development.

The parties considered the UNCTAD review of Belarusian law to counteract to monopolistic activity and to develop competition to see if it is in compliance with the UNCTAD model law on competition and the best international practices. Representatives of MART and UNCTAD are expected to meet on 15 November to review the document in detail. An agreement was reached to prepare the review before the end of 2018.

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