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UNCTAD recommendations to be used in improving EAEU competition law

UNCTAD recommendations to be used in improving EAEU competition law

7/31/2020
Report on the results of analyzing the Eurasian Economic Union's competition law has been published on the website of the UN Conference on Trade and Development (UNCTAD).

The analysis of the EAEU competition law is based on the UNCTAD Model Law on Competition, previous researches on competition law conducted by UNCTAD as well as developed countries' best international practices in the field of competition legislation.

Following the analysis results, UNCTAD experts have concluded that since enacting the Treaty on the EAEU in 2015, the Eurasian Economic Union has an efficient regional competition regime.

The experts have prepared recommendations that will be used to improve the Union's competition law.

For example, the experts have recommended empowering the Eurasian Economic Commission to put to justice any foreign entities operating in the Eurasian market whose economic activities have a negative impact on the EAEU market as well as considering possible elaboration of a system for monitoring economic concentration at the supranational level. The report also advances an idea that it would be expedient to harmonize procedural rules which may be important for efficient law enforcement, facilitating horizontal cooperation between the Union's competition agencies. Proposals have been elaborated to improve procedures for dealing with violations, criteria for classifying the market as transboundary one, techniques for assessing the state of competition, determining monopolistically high (low) prices, calculating and imposing fines as well as a number of other documents shaping the Union’s competition law.

For reference

UNCTAD serves as the focal point within the UN Secretariat for all matters related to competition legislation and policy. It assists developing countries and countries with economies in transition in adopting or revising competition and consumer protection legislation and policies, aligning with international best practices, as well as supports the establishment of regional policy framework in these areas.​