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EEC and PRC strengthen cooperation in competition area
Maxim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, presented a number of the EEC initiatives at the National Fair Competition Conference of the State Administration of Market Regulation of the People's Republic of China in Wuhan.
At the event dedicated to fair competition as the basis for future development, Maxim Ermolovich noted the EEC's active work on improving competition law and enforcement, as well as the Commission's efficient interaction with the national competition authorities of the Eurasian Economic Union countries.
The development of the Liability Release Program was noted as an important achievement, encouraging cartel detection and improving the competitive environment in transboundary markets. The EEC Minister paid attention to the solid bonds with the EAEU Court and its role in ensuring uniform application of competition law.
Maxim Ermolovich separately outlined the current problematic issues and presented a number of the Commission's initiatives: reduction of roaming tariffs in the EAEU, regulation of e-commerce in the conditions of digital marketplace development, competition advocacy, and successes in international cooperation, enabling to share best practices.
The EEC Minister expressed confidence that strengthening the Commission's partnership with China and other countries would ensure the creation of a favorable competitive environment promoting economic growth and sustainable development.
"China is one of EEC's strategic partners. We consider the extension of cooperation with our Chinese colleagues in the field of competition as a priority area that has a huge potential,” Maxim Ermolovich emphasized.
