CIS Council of the Heads of Governments will consider an anti-cartel document

21-09-2017 | 08:53

Deputy Head of FAS Andrey Tsyganovgave examples of anti-cartel cases investigated by FAS independently and in cooperation with the antimonopoly authorities of the CIS member-states. Information and data from international organizations, for example, OECD, were given to illustrate the importance of countering international cartels.

Speaking at the session of the CIS Economic Council on “Draft Statement by the Heads of Governments of the CIS Member-States on consolidating efforts of the world community to efficiently counter cartels”, Deputy Head of FAS Andrey Tsyganovemphasized the importance of consent and readiness of many countries to stand together at all possible platforms.

In particular, he reminded of the initiative of Russia and the CIS Member-States, the colleagues form BRICS and some developing countries to discuss at the UN platform, within UNCTAD, efficiency enhancement of international cooperation in this filed, which will be the first step necessary to promote the initiative on adopting an Anti-Cartel Convention at the international level.

To counter cartel at the global scale, it essential to build up efficient legal framework that will unify the relevant legal terms, determine common mechanisms of punishment for cartels, formalize effective forms of cooperation between the antimonopoly bodies in investigating cartels, including joint inspections and information exchange.

The draft Statement of the Heads of Governments of the CIS Member-States, presented by Deputy Head of FAS, firmly condemns cartels in all forms and manifestations and confirms the need to create a global international anti-cartel mechanism through devising and adopting a relevant international document, which can be the Anti-Cartel Convention.

The draft Convention was supported by the CIS Member-States and, according to Andrey Tsyganov, advocating the initiative at international platforms will reinforce the standing the CIS regional association as actively involved in shaping the global agenda.