(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 27. Azerbaijan andHungary have signed a memorandum of understanding (MoU) in thefield of competition, Trend reports.
According to the State Service for Antimonopoly and Control OverConsumer Market, which is part of the Ministry of Economy ofAzerbaijan, the memorandum between the State Service and theHungarian antimonopoly agency includes an interagency exchange ofexperience in the areas of competition development, competitionpolicy development, legal violation analysis, and other topics.
The MoU was signed during a State Service delegation visit toHungary. The paper was signed by Mammad Abbasbeyli, head of theState Service, and Csaba Balázs Rigó, head of Hungary'santimonopoly agency.
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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