FAS Russia's draft Toolkit on International Cooperation is now available for public discussion
Nowadays the necessity of enhancing international cooperation between Competition Authorities have been stressed many times on such global platforms as OECD, ICN and UNCTAD. National markets feel the development of global trade, which, unfortunately, sometimes is connected with establishing of restrictive business practices of large transnational companies. Cases in relation to such corporations are opened worldwide.
The Federal Antimonopoly Service of the Russian Federation (the FAS Russia) is fully committed to these ideas and ready to build a constructive dialogue with foreign Competition Authorities on issues of mutual interests. In order to build a legislative base for international cooperation of Competition Authorities, the FAS Russia has developed a draft Toolkit on International Cooperation of Competition Authorities on Combating Restrictive Business Practices of Transnational Corporations and Transboarder Violations of Rules on Competition. The Toolkit is drafted to be discussed and adopted on the platform of United Nations Conference on Trade and Development (UNCTAD).
Current Toolkit is aimed to assist Competition Authorities in implementation of Section F “International Measures” of the United Nations Set of Principles and Rules on Competition, establishes voluntary procedures and tools, that can be used in the process of combating restrictive business practices of transnational corporations and transboarder violations of rules on competition.
The goal of the Toolkit is to provide effectiveness and efficiency of competition authorities, or other institutions exercising functions of control and supervision over competition, on issued of detection, prevention and suppression of restrictive business practices of companies exercising their activity on the territory of States.