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EEC monitors compliance with competition rules in transboundary markets

EEC monitors compliance with competition rules in transboundary markets

3/24/2020

The Eurasian Economic Commission has identified focus areas of its activities in the sphere of competition protection and antitrust regulation. The EEC Board approved the draft of the relevant annual report at a meeting held on March 24 in Moscow. It will be published on the Eurasian Economic Union's website after its consideration by the Supreme Eurasian Economic Council.

According to the document, in 2019, the Commission considered 17 applications suggesting possible violation of general competition rules in the EAEU transboundary markets. The most common of them were abuse of dominant position and unfair competition. The Commission's Antitrust Unit also conducted nine investigations and reviewed eight cases for violations of competition rules in the EAEU markets.

However, there are cases where investigations and causing proceedings can be avoided. It was not until fairly recently that the "soft regulation" mechanism was introduced into the Union’s law, but in the past year, the Commission has elaborated seven Proposals on eliminating violations of competition rules in various Union markets. According to Serik Zhumangarin, Member of the Board – EEC Minister in charge of Competition and Antitrust Regulation: "this enables shifting the emphasis from punishment to preventive measures that ensure creating competitive environment in the Union's transboundary markets".

Constant monitoring of prices for certain goods subject to anti-dumping duties when imported is another focus area. It helps protect the interests of consumers and producers as well as ensure equal competitive conditions for all market players.

International cooperation is one of the focus areas of the Commission's work as well. In order to improve the EAEU antitrust legislation, the best international practices of leading antitrust (competition) authorities are being studied, and cooperative ties are being established with such organizations as the OECD, the UN, the CIS and others.

Visiting sessions of the Public Reception Office which proved themselves, even if judged by the business growing interest, was a successful form of interaction between the Commission and the business community in 2019. For example, three times as many entrepreneurs participated in such sessions last year as a year earlier. Meetings of the EEC representatives with business in the form of receptions were held in 23 cities of all five Union States.​