FAS ANTI-CARTEL EFFORTS REACH THE UN GENERAL ASSEMBLY

13-03-2018 | 08:25

The statement off Heads of Governments of the CIS member-states on consolidating efforts of the global community to efficiently counter international cartels is an official document of the 72nd session of the UN General Assembly with the agenda on “Macroeconomic policy: international trade and development.

 

The document firmly condemns cartel activity in all its forms and manifestations, confirms the need to create a global international mechanism for combating cartels through drafting and adopting a relevant international act that can be an Anti-Cartel Convention.

 

In 2017, the Interstate Council on Antimonopoly Policy (ICAP) drafted the "Statement of Head of Governments of the CIS member-states on consolidating efforts of the world community to efficiently counter international cartels" with active FAS involvement and support from CIS Executive Committee.

 

The statement was signed by Heads of Governments of the CIS member-states in Tashkent in November 2017.

 

Deputy Head of FAS Andrey Tsyganov emphasized: “We understand perfectly well that 220 countries of the world cannot propose simultaneously that we wish to counter international cartels. Therefore, we started with this small but inherently very important document supported by the CIS member-states”.

 

Andrey Tsyganov underlined the significance of consent and the readiness to stand together on all possible platforms to counter unfair practices of international cartels.

 

Adopting the Statement and disseminating it at the United Nations Organization and other international organizations is the first necessary step aimed at promoting the initiative to adopt the Anti-Cartel Convention at the global international level.

 

Deputy Head of FAS summed up: “FAS idea to draft and adopt the Convention was discussed repeatedly in the public space and it received informal support from foreign antimonopoly bodies. Promoting Russian initiative on adopting the Convention at the UN platform is an important achievement in countering international cartels that, we hope, will get a further impulse”.