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Agreement on common competition principles and rules submitted to State Duma for ratification

June 13, 2011

Dmitry Medvedev submitted to the State Duma for ratification the Agreement on Common Competition Principles and Rules.

This Agreement has been worked out in accordance with the Resolution of the Eurasian Economic Community Interstate Council (the  Customs Union supreme body) of December 19, 2009 at the heads-of-state level and the Resolution of the Customs Union Commission of January 27, 2010. The Agreement was signed in Moscow on December 9, 2010.

The Agreement provides for the development by the parties of a common competition policy to ensure the free movement of goods, services and capital, harmonise the parties’ national legislation on competition, and guarantee free economic activity and effective functioning of commodity markets within the common customs territory of the Customs Union member states.

The Agreement’s implementation will deepen the economic integration between the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation. The Agreement also sets forth the procedure for the parties’ anti-monopoly agencies interaction as regards to competition policy.

June 13, 2011