Andrey Tsyganov: “Today the most important factor for labour productivity growth is digitalization in all its aspects”

FAS and experts emphasized the importance of efficient tools to reduce entry barriers to digital economy markets through non-discriminatory conditions for access to the key technologies

The Antimonopoly Service hosted a joint session of the FAS Working Group on developing new approaches in antimonopoly regulation and the “Digital Economy of the Russian Federation” Competence Centre, chaired by Deputy Head of FAS Andrey Tsyganov.

Attendees included independent experts in antimonopoly law and representatives of the interested organizations.

The discussion focused on conceptual approaches to changing the antimonopoly law to adopt it to the needs of digital economy. In the experts’ opinion, it is necessary to counter anticompetitive agreements based on digital algorithms, and other demonstrations of monopolistic activity on the innovative markets, improve the tools for control over economic concentration in the digital economy, accompanied by big data concentration and strengthening network effects of digital platforms.

The importance of changing approaches to market analysis and evaluating market power in view of developing digital economy was recognized.

Deputy Head of FAS Andrey Tsyganovpointed out: “Participants approved in general the proposed directions for changing the antimonopoly law and supported including them in the draft plan for the “Digital Economy of the Russian Federation” State Programme” – the section on “Normative Regulation”.