18/03/11 - Draft law on competition discussed

Дата публикации: Jan 19, 2012 10:16:4 PM

The Legislative Chamber Committee for budget and economic reforms jointly with the State committee for demonopolization and competition development held a seminar on the priority directions and legislative bases of the competitive policies.

Deputies, officials from ministries and departments, as well as representatives of the monopoly enterprises discussed the issues of improvement of the legislation and development of competition on the commodity markets, as well as the draft law “On competition”.

The proposal to develop this new law was made by President Islam Karimov in his 12 November speech on the Concept of further deepening of democratic reforms and formation of the civil society in the country.

The adoption of the law on competition will lead to improvement of legal regulation of relations and prevention of monopolistic activities on the commodities markets.

The law will replace the old law on competition and limitation of monopolistic activities, which does not correspond to the present level of development of the economy of Uzbekistan.

According to seminar participants, the level of monopolization has significantly decreased over the past years on the commodities and services markets, thanks to effective competitive policy implemented by the state.

The number of monopoly enterprises has been reduced by 75% during the last 10 years.

Between 2004 and 2009, the share of monopolistic products in the total GDP of Uzbekistan decreased from 26% to 20.8%.

UzA