(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 27. Azerbaijan andHungary have signed a memorandum of understanding in the field ofcompetition, Trend reports.
According to the State Service for Antimonopoly and Control OverConsumer Market under the Ministry of Economy of Azerbaijan, thememorandum between the State Service and the Hungarian antimonopolyagency includes interagency exchange of experience in the directionof competition development, development of competition policy,analysis of legal violations and other issues.
The memorandum was signed during the visit of the State Servicedelegation to Hungary. The document was signed by the head of theState Service Mammad Abbasbeyli and the head of the Hungarianantimonopoly agency Csaba Balázs Rigó.
The importance of strengthening bilateral ties to study the bestpractices in the field of competition development was emphasizedduring the meeting. The sides discussed the directions of the StateService's activities, the Competition Code, which will come intoforce on July 1 this year, as well as the regulatory policy andcontrol tools of the competition authority according to theCode.
The State Service for Antimonopoly and Control Over ConsumerMarket plays a key role in formulating and executing state policiesrelated to antimonopoly measures, public procurement, technicalregulation, standardization, metrology, and consumer protection primary objective is to foster an environment of faircompetition and robust entrepreneurship, thereby promoting thesustainable growth of the national economy.
The State Service for Antimonopoly and Consumer MarketRegulation was founded through a presidential decree issued onOctober 23, 2019, in the Republic of Azerbaijan.
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